Dear Biconomy User
In order to ensure the trading experience of community users, regulate market trading behaviors, and protect the rights and interests of investors, the Biconomy system will use multi-dimensional feature recognition to determine the use of multiple accounts and devices for illegal arbitrage.
1. Abnormal trading behavior and the handling methods prescribed by the exchange
1.1 Abnormal trading behavior identified by the exchange
- Excessive market trading behavior : a limit on the maximum number of open positions per day (e.g. 100);
- High-frequency trading or illegal program trading : Opening and closing positions 10 times cumulatively within 3 minutes, or going long and short at the same time in a short period of time will be defined as illegal trading;
- Position Exceeding Limit : The total position of the associated accounts actually controlled exceeds the position limit of the exchange;
- Manipulating market prices : Related accounts illegally use reverse transactions, cross-selling and other methods to manipulate market prices and make huge profits;
- Code theft transactions : illegally obtaining other people's accounts and passwords, or using associated accounts to conduct illegal transactions and transfer funds;
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Abnormal transactions and order behaviors :
- The account and associated accounts conduct abnormal order transactions;
- The account has abnormal aggregate transactions;
- Trading accounts on behalf of others;
- Self-trading : Buy and sell orders from the same account are matched with each other to create false trading volume;
- Malicious use of platform vulnerabilities : using programmed trading, script trading, server opening and closing positions, vulnerability arbitrage, etc. to make profits;
- Exploiting multi-account arbitrage : Using multiple accounts to conduct order matching and AB position transactions to obtain illegal gains or rewards;
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Abuse of rebate mechanism :
- Using multiple accounts to repeatedly claim fee rebates, rewards, commissions, etc.;
- Rebates or commission transfers between agent accounts and associated accounts, or additional rebates or rewards are obtained through swiping orders with associated accounts;
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Other malicious market behaviors :
- Engage in price manipulation or other malicious market behavior;
- May exploit platform loopholes or other unreasonable means to harm the interests of the Biconomy platform or other users.
1.2 Treatment measures
Biconomy will take the following measures in response to abnormal trading behavior:
- Cancel the proceeds from illegal transactions or freeze the account;
- Deduct commissions and profits generated from illegal transactions;
- Account restrictions (including but not limited to limiting transactions, cancelling rebates, revoking orders, etc.).
2. Account Control and Penalties
Biconomy strictly prohibits unfair trading practices. Biconomy reserves the right to exercise administrative control over an account at its sole discretion if a user:
- Engage in price manipulation or other malicious market behavior;
- May exploit platform loopholes or other unreasonable means to harm the interests of other users or the Biconomy platform;
*Note: The specific number of daily transactions and rules listed above are only used as a reference standard. The platform's risk control technology will automatically identify based on transaction behavior data. The platform has the final right of interpretation for the determination of violations. If you have any questions about the account suspension, please feel free to contact online customer service.
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Thank you for your support!
Biconomy Team
March 09, 2025
Biconomy is a global digital asset trading platform. We are proud to provide fully transparent trading, listing and digital asset development services. Thank you for your support, and please look forward to Biconomy's innovative products!
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