Risk Control Explanation
To ensure fair trading practices and protect investors’ interests, Bityi employs a multi-dimensional system to identify users engaging in illicit arbitrage (such as fee manipulation, rebate abuse, bonus exploitation, or hedging). Users detected for such activities will be subject to penalties, including but not limited to identity verification, account suspension, asset freezing, and login restrictions.
I. Definition of Abnormal Trading Behavior & Handling Measures
1. Definition of Abnormal Trading Behavior
1.1 Excessive market trading volume within a single day;
1.2 Self-trading behavior (trading between own accounts);
1.3 Exceeding position limits across controlled accounts;
1.4 Market manipulation using matched orders or wash trades;
1.5 Unauthorized account access and fund transfer via linked accounts;
1.6 Fake order execution (wash trading);
1.7 Unauthorized algorithmic/arbitrage trading;
1.8 A/B hedging strategies across multiple accounts;
1.9 High-frequency trading using automation;
1.10 Unusual converging trading behavior across linked accounts;
1.11 Trading on behalf of another user;
1.12 Ultra-short-term trades (holding positions for ≤ 3 minutes), including:
(1) Copy-trading ultra-short positions;
(2) Trading multiple small orders to conceal large ultra-short trades;
(3) Using stop-loss, limit orders, or planned orders for ultra-short trades.
1.13 Price manipulation or malicious market activities;
1.14 Exploiting platform loopholes to harm Bityi or other users;
1.15 Any other market-harming activities;
1.16 Using multiple devices/accounts to exploit fees, rebates, bonuses, or hedging.
2. Handling Measures for Abnormal Trading Behavior
2.1 Immediate account termination and confiscation of illicit gains;
2.2 All ultra-short-term trades deemed invalid;
2.3 Forced closure of trades involved in ultra-short-term activities.
II. Types & Handling of Wash Trading, A/B Hedging & High-Frequency Violations
1. Types of Wash Trading
1.1 Account hijacking: Unauthorized use of another user’s account for illicit trades;
1.2 Wash trading across linked accounts to manipulate prices;
1.3 Fund transfers between accounts using coordinated wash trades;
1.4 Linked accounts identified by IP, registration time, and wallet address.
2. Characteristics of Wash Trading & A/B Hedging
2.1 Multiple linked accounts executing identical trades within the same timeframe;
2.2 Single or linked accounts executing opposing trades in the same timeframe;
2.3 Rapid opening and closing of positions in a short timeframe.
3. Handling Measures
Mild violations: Warning, forced liquidation, suspension;
Severe violations: Account freeze, permanent ban;
Legal violations: Report to law enforcement.
III. Prohibited Unfair Trading Practices
Bityi strictly prohibits:
Price manipulation and market abuse;
Exploiting platform vulnerabilities;
Activities deemed harmful to the market;
Using multiple accounts/devices to exploit trading benefits;
Unauthorized trading activities without official approval.
Note: Bityi reserves the right to interpret these guidelines.