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LeoGlossary: Wash Trading
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@leoglossary
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This is a practice meant to pump up trading volumes. It is illegal in most areas.
Wash Trading is the buying of an asset on one exchange while selling it on another. The idea is to make the financial instrument look more attractive than it really is. People often judge things based upon trading volume.
It is a classic form of market manipulation hence why it is illegal in most areas.
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