Announcement on Abnormal Trading Supervision Standards and Procedures
Dear Sunbit Users,
To standardize market trading behavior and protect investor rights, Sunbit Exchange has introduced the following documents: "SunbitEX Partner Management Code" and "Supervision Standards and Procedures for Abnormal Trading Behavior." Our risk control system will use multi-dimensional feature recognition to detect users engaging in illegal arbitrage (including but not limited to fee manipulation, commission rebates, hedging, and bonus exploitation) through multiple accounts and devices. The platform will take appropriate measures against users detected for illegal arbitrage, including but not limited to account suspension, asset freezing, commission reclamation, login restrictions, real-name verification, and revocation of partner qualifications.
I. Examples of Abnormal Trading Behavior at the Exchange
- High-Frequency Trading and Malicious Fee Manipulation:
- Excessive trading to exploit fee rebates.
- Classification:
- High-Frequency Trading: 30 or more trades per day (each open-close pair counts as one trade).
- Malicious Trading: More than 50 trades per day.
- Matched Trading, Hedging, and AB Warehouse Arbitrage:
- Using the same or multiple related accounts to perform trades of the same product in opposite directions and similar amounts, exploiting the system for arbitrage.
- Ultra-Short-Term Trading:
- Intentional rapid trades within a 2-minute window, with at least five such trades in a single day.
- Arbitrage with Small Tokens:
- Exploiting small token spreads and short-term trading during fund settlement times (00:00, 08:00, 16:00 Beijing time).
- Exploiting Platform Vulnerabilities:
- Using service loopholes or unreasonable methods to harm other users or the platform.
II. Characteristics of High-Frequency Trading and Malicious Fee Manipulation
- High-Frequency Trading:
- An account with 30 or more trades in a day will be classified as high-frequency trading.
- An account with more than 50 trades in a day will be classified as malicious trading.
- Actions:
- ≥50 Orders with Open-Close Cycle ≤5 Minutes: Immediate trading ban, withdrawal prohibition, and confiscation of all principal and illegal profits.
- 30-50 Orders with Open-Close Cycle ≤5 Minutes: Confiscation of illegal profits, principal refunded, and appeal possible through customer service.
III. Characteristics of Matched Trading, Hedging, and AB Warehouse Trading
- Utilization of the same or multiple related accounts to trade the same product in opposite directions and similar amounts, either manually or through pending orders, to exploit the system's arbitrage mechanisms.
IV. Characteristics of Ultra-Short-Term Trading
- Intentional rapid trading within a 2-minute window, with at least five trades per day. Such accounts will face an immediate trading ban, prohibition of withdrawals, and confiscation of all profits.
V. Characteristics of Small Token Arbitrage Trading (New)
- During fund settlement times (00:00, 08:00, 16:00 Beijing time), exploiting small token spreads using Sunbit’s fund rate mechanism in a systematic manner.
- Intentional rapid trading of small tokens within a 10-minute window, with noticeable patterns and multi-account correlation, will result in an immediate trading ban, prohibition of withdrawals, and permanent freezing of both principal and account profits.
Special Note:
The specific parameters mentioned are reference standards. The platform’s risk control technology will automatically identify violations based on trading behavior data. The final interpretation of violations is at the platform's discretion. If you have questions regarding your account’s trading ban, please contact online customer service.
Risk Warning: Digital assets are innovative products with significant price volatility. Please assess your risk tolerance and make prudent decisions.
Sunbit is committed to continuously providing you with excellent products and high-quality services!
Sunbit Operations Team
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