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I’ve always been concerned the majority of trading was done by large players manipulating the markets through churning and pump and dump. With truly anonymous

I’ve always been concerned the majority of trading was done by large players manipulating the markets through churning and pump and dump. With truly anonymous participants, what’s stopping someone from trading with himself over and over again, creating the illusion of trading volume and price appreciation?

gomox 8y ago
In trustworthy exchanges, trading fees. On Binance or the like, nothing, or market risk (i.e. other market actors profiting from your wash trading), depending on the level of cartelization you assume in the crypto whale demographic.