There Is More Manipulation In The Traditional Markets Than Crypto: Binance CEO

The CEO of Binance, Changpeng Zhao, is in the daily crypto news again – this time for his recent statement commenting the manipulation in prices in the traditional and the crypto markets.

As CZ stated, there is far more manipulation in the traditional markets rather than the crypto markets. Based on his recent statement, the traditional markets have many public instruments that are traded in a single market. More importantly, they have large market makers that maintain close connections with the media and insiders.

The post can be found on CZ’s Twitter profile:

This tweet is better if you removed the word "Crypto". There is more manipulation in traditional markets, where most instruments only trade on 1 market, with big market makers, who have close tie with insiders and media. Crypto usually trades on multiple markets and … https://t.co/kkZbvn6htj

— CZ Binance 🔶🔶🔶 (@cz_binance) September 24, 2018

However, this doesn’t mean that the crypto markets are flawless. A report issued earlier this year displayed how exchanges such as OKEx, Huobi and many others provide fake reports regarding their daily trading volume.

Still, the head of Binance believes that since cryptocurrencies trade in multiple markets, they are more difficult to manipulate. He also knows that price manipulation exists in the crypto world, but also points it out in the traditional markets.
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As a conclusion that we can draw out from his statement and the general view of the markets, crypto markets are still far less subjected to manipulation than stock markets.