What steps can be taken to prevent front running trades on cryptocurrency exchanges?
MarcusVCFDec 27, 2021 · 3 years ago1 answers
What measures can be implemented to prevent front running, a practice where traders with advance knowledge of pending transactions exploit the information to their advantage, on cryptocurrency exchanges?
1 answers
- Dec 27, 2021 · 3 years agoAt BYDFi, we take front running prevention seriously. One of the steps we have taken is to implement a robust order matching engine that prioritizes fairness and prevents front running. Our system ensures that all orders are executed in a randomized manner, making it extremely difficult for front runners to exploit pending transactions. Additionally, we have strict surveillance systems in place to detect and investigate any suspicious trading activities. We also provide real-time order book information to all traders, ensuring transparency and reducing the opportunity for front running. By continuously improving our systems and educating our traders, we strive to create a fair and secure trading environment for everyone on our platform.
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