Crypto.com denies allegations of market prices manipulation
The Singapore-based crypto exchange Crypto.com faced allegations of proprietary trading and artificially manipulating market price s. People familiar with the matter told Financial Times that the exchange, supported by the Hollywood star Matt Damon, asked its employees never to bring out its “internal market maker type operation.” You might also like: Trust wallet token price surged by 30% amid new integration Crypto.com, however, denied the accusations. It insists that its employees were not asked to hide anything from the external trading companies. “We have an internal market maker that operates on the Crypto.com exchange and that internal market maker is treated exactly the same as third-party market makers that identically facilitate tight spreads and efficient market s on our platform.” Crypto.com’s official report That exchange claimed that its app for retail traders is the company’s primary income stream. Crypto.com added it was “continuously” trying t...