Are They a Force for Good? By Cointelegraph



Trading bots have become a staple of today’s markets — especially in the 24-hour cryptocurrency industry. But while some have gained popularity by enabling enthusiasts to execute their strategies automatically and keep on top of the latest trends, others have caused controversy by manipulating prices using methods that would break the law on regulated exchanges.

For everyday crypto consumers, knowing the difference can be crucial. Bad bots are often involved in a practice known as “wash trading,” which sees buy and sell orders being placed simultaneously in order to distort true levels of activity in the market. As reported by Cointelegraph in March, one alarming study by Bitwise Asset Management suggested that 95% of reported volumes on unregulated exchanges appears to be fake or noneconomic in nature.

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