Purpose-built, abusive software designed to manipulate the market is running largely unchecked on crypto exchanges, prompting growing concerns from regulators and investors. While established markets such as the New York Stock Exchange have measures in place to identify and prevent unscrupulous trading, crypto exchanges are widely unregulated. Some traders say these practices are hampering cryptocurrencies’ reputation and adoption, with regulators warning that they undermine the market’s integrity. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
Purpose-built, abusive software designed to manipulate the market is running largely unchecked on crypto exchanges, prompting growing concerns from regulators and investors. While established markets such as the New York Stock Exchange have measures in place to identify and prevent unscrupulous trading, crypto exchanges are widely unregulated. Some traders say these practices are hampering cryptocurrencies’ reputation and adoption, with regulators warning that they undermine the market’s integrity. Yet others argue against regulation, and take the view that manipulation tools should be accessible to everyone, in order to level the playing field.