The removal of some trading fees on the major crypto exchange Binance is believed to be the reason behind a surge in trading volume on Friday that ended up barely moving the price at all. Now, Binance CEO Changpeng Zhao (CZ) has announced steps to combat so-called wash trading on his exchange.
Notably, the surge in volume occurred on the same day as a zero-fee promotion on certain bitcoin (BTC) spot trades went into effect on Binance.... Read More: Binance Wash Trading Behind Huge Bitcoin Volume Surge, Incentives Being Removed, CZ Says