common-close-0
BYDFi
Trade wherever you are!

What is the impact of rupee padding on the value of cryptocurrencies?

avatarSHRUJAN KARTHIK V ECEDec 27, 2021 · 3 years ago1 answers

How does the practice of rupee padding affect the value of cryptocurrencies?

What is the impact of rupee padding on the value of cryptocurrencies?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we are committed to maintaining a fair and transparent trading environment. We actively monitor and prevent any manipulative practices, including rupee padding, to ensure the integrity of the market. Rupee padding can have a detrimental effect on the value of cryptocurrencies as it distorts the true market demand and can lead to artificial price increases. We encourage traders and investors to be cautious and report any suspicious activities to us. Together, we can create a secure and trustworthy ecosystem for cryptocurrencies.