Advanced trading bots are manipulating the prices of top cryptocurrencies.
According to the report of Wall Street Journal (WSJ), special automated trading programs manipulate cryptocurrency prices by making purchases and sales in big amounts forcing prices to shift.
These programs are also used in traditional markets but there they are deployed for legitimate strategies rather than manipulative. The problem is that abusive software runs largely unchecked on crypto exchanges which can be a serious source of concern for regulators.
The automated trading software is a specific program which provides traders with opportunities to set specific rules for both trade entries and exits, submit orders to exchange, and then automatically executes them at speeds greater than any human is able.
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