Huobi clamps down on crypto wash trading after Bitwise report
Huobi claims certain market makers were engaging in wash trading without the exchange's knowledge, leading to their inclusion in Bitwise's recent SEC report. Huobi identified and ended the wash trading after the report, a spokesperson told CoinDesk. Bitwise's follow up on its latest report says a change in Huobi's trade patterns was noticed after the initial report, but overall trade volume did not decrease.
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