Crypto Terms:
Letter W
Jun 19, 2023 |
updated Apr 03, 2024
What is Wash Trade?
Wash Trade -
Wash trading is a sort of market manipulation in which participants create false activity in the marketplace by selling and purchasing the same cryptocurrency at the same time.
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Let's find out Wash Trade meaning, definition in crypto, what is Wash Trade, and all other detailed facts.
Wash Trading is a sort of market manipulation in which participants create false activity in the marketplace by selling and purchasing a specific cryptocurrency at the same time.
In certain cases, wash transactions are done by a trader and a broker working together, while in others, wash trades are performed by investors serving as both the buyer and seller of the securities. Moreover, wash trading is illegal in the United States.