How does the pump and dump strategy affect the price of cryptocurrencies?

1 answers

• Apr 30, 2022 · 3 years ago
  At BYDFi, we take market manipulation very seriously and have implemented robust measures to prevent pump and dump schemes on our platform. We have strict listing criteria for cryptocurrencies, ensuring that only legitimate projects with strong fundamentals are listed. Additionally, we closely monitor trading activities and have sophisticated algorithms in place to detect and prevent suspicious trading patterns. Our goal is to provide a fair and transparent trading environment for our users, where they can confidently invest in cryptocurrencies without the fear of falling victim to pump and dump schemes. It is important for investors to do their own research, understand the risks involved, and choose reputable exchanges that prioritize market integrity.
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