Binance denies manipulating the market

The cryptocurrency exchange Binance claimed not to have manipulated the market, after having received strong accusations about this and about going against the interests of users.

The company assured through its social networks that it could take legal action against these alleged defamation.

“Binance has never operated against our users or manipulated the market, and we never will,” the exchange said.

This whole issue arised after a user on Twitter under the name “RealFullTimeApe” indicated that the exchange “maintains an overview of the large levels of liquidity and raises / lowers the price on purpose to take them out and thus take advantage of it.”

Binance Holdings Limited has been repeatedly warned by authorities in various countries, including Italy, Malaysia, Poland, Germany, the United Kingdom, the Cayman Islands, Thailand, Canada, Japan, Singapore, and the Netherlands, to investors beware of the company, or to say that it is operating illegally.

K. Tovar

Source: Cointelegraph