Responding to recent queries from the Wall Street Journal (WSJ), Binance reaffirms its unyielding market surveillance program designed to weed out market abuse.
It reveals that approximately 355,000 users have been offboarded over the past three years. This is due to the violation of their Terms of Use, with these accounts reportedly handling a transactional volume upwards of $2.5 trillion.
Binance assures that its investigation team maintains a neutral stance in its activities, unmoved by any potential bias that could arise from claims made by market-making firms against their competitors. The keen intent is to uphold fair competition within the industry, thereby safeguarding users from any possible market manipulations.