Crypto.com denies allegations of market prices manipulation

The Singapore-based cryptocurrency exchange Crypto.com has been accused of engaging in proprietary trading and manipulating market prices, according to allegations reported by the Financial Times. Insiders familiar with the matter revealed that the exchange, which has the support of Hollywood actor Matt Damon, allegedly instructed its employees to conceal its "internal market maker type operation." However, Crypto.com has denied these accusations and maintains that its employees were not instructed to hide any information from external trading companies. According to the company's official report, Crypto.com acknowledges the existence of an internal market maker that operates on its exchange, claiming that it is treated no differently from third-party market makers who facilitate efficient markets and tight spreads. The company asserts


First found on: https://coinatory.com/2023/06/19/crypto-denies-allegations-of-market-price/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP