Today, I’m sharing with us
Another type of wash trading in crypto
Example, two exchanges might agree to trade the same crypto back and forth in order to make it look like there is more demand for the cryptocurrency than there actually is…
Now does this get in conflict with ARBITRAGE TRADING??
don’t get this, please explain further.
trading the same crypto on their respective exchanges or?
for example when we say cross chain, it means from one chain to the other.
so if binance is trading trx and the same time kucoin is trading trx, what makes it cross exchange trading?
Trading activities between
Exchange A and EXCHANGE B
how do they do it? exchange A sells crypto A on exchange B?
Very good you asked. Now here is it.
Here is an example of cross-exchange wash trading using Huobi and Binance:
A trader creates two accounts, one on Huobi and one on Binance.
The trader deposits the same amount of cryptocurrency into both accounts. (1 million TRX Each :- Binance and Huobi)
The trader then places a buy order for a certain amount of TRX on Huobi.
The trader then uses the second account to place a sell order for the same amount of TRX on Binance.
The two orders are executed, and the trader’s cryptocurrency is transferred from the first account to the second account.
This process has the effect of inflating the trading volume for the TRX on both Huobi and Binance.
This can lead to higher prices for TRX which can benefit the trader who is conducting the wash trading.
Hope this is clear, our African black Elon Musk
hahahaha then please dont give this example again.
this is what i was looking for, I wanted us to learn. I did my own research and found out the first example wasn’t ok for me. Thank you. It involves a trader and this trader might be anyone and not the exchange operators
mostly this is done in the name of buying it at low. the trader will sell first and set a buy order to buy at low
Thanks for spotting this part.
You very Correct.
The trader could be you and I,
Could be me trading using 2 different exchange
At the same time.
That is why we learn here together
You are welcome bro🙏🏻
Yeah it could be you not me 
I am not that rich lol
Here is about Nft wash trading
I am very interested in this topic and I will look forward to reading it to enlighten myself and share with friends so they don’t fall victim of these schemes.
You welcome,
Take some time to read through the already
Post we made.
Ask questions where you don’t understand