Preface
To safeguard fairness in the cryptocurrency market, mitigate potential risks, and protect the legitimate rights of participants, Bittap Exchange strengthens the supervision and management of trading activities. Through multi-dimensional feature analysis (such as registration information, IP address, device usage, and trading patterns), the platform identifies user behavior suspected of illegal arbitrage, including but not limited to: fee farming, commission abuse, trial fund misuse, and hedging trades.
Once a violation is detected, the platform reserves the right to impose appropriate measures, such as requiring advanced identity verification, freezing accounts, seizing assets, or restricting login access. Bittap retains the right to update this policy at any time, publishing updates via official announcements without individual notification. Updates take effect upon publication. Users are responsible for reviewing revisions regularly; disagreement entitles the user to cease usage immediately, while continued use constitutes acceptance.
I. Definition of Abnormal Trading Behavior
Abnormal trading behavior refers to any activity that disrupts market order or harms other users or the platform, including but not limited to:
Abnormal intraday opening volumes, or total positions exceeding platform limits.
Self-trading: repeated buy-sell transactions of the same asset within one account or among related accounts.
Combined positions across related accounts exceeding prescribed limits.
Price manipulation through wash trading or matched orders to gain undue advantage.
Unauthorized use of another person’s account or misappropriation of funds.
Wash trading using single or multiple accounts.
Unauthorized algorithmic or arbitrage trading.
Use of “A-B” hedging strategies (opposing directional positions).
High-frequency trading or frequent automated misconduct.
Abnormal convergence among related accounts (e.g., simultaneous openings/closings).
Proxy trading on behalf of others.
Ultra-short-term trading (frequent rapid opening/closing in extremely short intervals).
Price manipulation or malicious market interference.
Exploiting platform vulnerabilities or unfair methods to harm others or the platform.
Any activity deemed harmful to the market by the platform.
Multiple-device or account abuse for fees, rebates, trial funds, or hedging.
Frequent order placement and cancellation misleading market direction or pricing.
Large-scale order cancellations disrupting market order.
Programmatic trading endangering system security or normal operation.
Gaining undue profits from abnormal system behavior (e.g., price errors).
Malicious rumor-spreading damaging the platform’s reputation.
Other potentially illegal or non-compliant activities.
For disruptive practices (such as high-frequency manipulation or malicious inducement), the platform may take additional measures, including raising fees or imposing temporary restrictions.
II. Types and Characteristics of Specific Violations
2.1 Account Theft & Wash Trades
Stolen Account Trading: Unauthorized credential use to conduct trades between controlled accounts, transferring funds and disrupting market integrity.
Related-Account Wash Trades: Prearranged trades between related accounts at the same time and price, creating artificial loss/profit and transferring funds.
Entrusted Account Wash Trades: Trustees using client accounts to transact with their own accounts, moving funds into personal control.
2.2 Wash Trades, A-B Hedging, High-Frequency, and Circular Trading
Related accounts opening and closing positions on the same asset, same direction, in similar sizes and prices within a short timeframe.
One or multiple accounts opening and closing positions in opposite directions on the same asset, either manually or via automation.
Extremely short-cycle trading (e.g., rapid repetitive trades within 5 minutes).
Prolonging positions with small orders, or exploiting numerous new accounts for arbitrage loops.
2.3 Criteria for Related Accounts
Determination is based on, but not limited to: similar registration times, identical/similar IP addresses, shared deposit/withdrawal addresses, identical funding sources, synchronized trading patterns, or referral relationships. Multi-dimensional analysis is applied comprehensively.
III. Handling Mechanisms for Abnormal Trading Pairs
3.1 Definition of Abnormal Trading Pair Conditions
The platform may initiate risk control when trading pairs show abnormalities such as:
Abnormal price volatility: sharp price swings deviating from market norms.
Liquidity shortages: insufficient depth or a surge of abnormal orders.
Abnormal trading volumes: sudden spikes or drops inconsistent with historical data.
Suspected price manipulation or unusual trading patterns.
External market abnormalities affecting related spot or futures markets.
System risks threatening platform stability or user fund security.
3.2 Risk Control Measures for Trading Pairs
3.2.1 Leverage Ratio Adjustments
Temporarily reducing maximum leverage multiples to control exposure.
Dynamically adjusting leverage limits across user tiers based on volatility.
Applying stricter leverage limits for high-risk users.
3.2.2 Maintenance Margin Adjustments
Increasing margin requirements to strengthen risk buffers.
Tiered margin adjustments in response to volatility.
Differentiated margin standards for specific user groups.
3.2.3 Funding Rate Adjustments
Adjusting upper/lower bounds of funding rates to stabilize fluctuations.
Modifying funding collection intervals in abnormal conditions.
3.2.4 Trading Restrictions
Opening restrictions: temporarily suspending new positions, allowing only closing.
Closing restrictions: in extreme cases, limiting closing trades to preserve stability.
Order limits: restricting individual order size or total position holdings.
Trading suspension: halting trading pair activity during severe anomalies.
IV. Handling and Penalties for Abnormal Trading
Based on severity, the platform may apply graduated penalties without prior notice, including but not limited to:
Warning-Level:
Notification, mandatory KYC (e.g., photo verification), temporary withdrawal restrictions; minor infractions may result in corrective orders, suspended openings, or forced closings.Intermediate-Level:
Confiscation of illicit gains (fees, rebates, trial funds, etc.), withdrawal caps (100 USDT/day), mandatory video verification; restoration possible if no further violations or sub-accounts within 14 days.Advanced-Level:
Permanent forfeiture of gains, frozen trading and withdrawals, advanced verification required; repeat offenses may extend restrictions (1–6 months) or trigger trade rollbacks (positions closed at market prices with data reversed).Severe-Level:
Termination of account access, forfeiture of remaining assets, deposit/withdrawal bans, market blacklist inclusion; suspected crimes referred to judicial authorities for prosecution.Other Measures:
Reporting trading data, delisting products, reducing leverage caps, restricting server access. The platform may refuse cooperation with implicated users and freeze related accounts. Repeated violations or new account creation during sanctions extend penalty duration. Related behaviors are assessed holistically.
V. Disclaimer and Risk Warning
By using Bittap Exchange services, users agree to all provisions of these supervision standards and subsequent revisions. The platform reserves the right to amend, adjust, or cancel this policy at any time, without prior notice.
Risk Warning: Digital asset trading carries extremely high risk, with significant volatility that may cause total capital loss. Users bear sole responsibility for their investment decisions; the platform assumes no liability for losses. Past performance does not guarantee future results. This document does not constitute financial advice.
Important Notice: Final interpretation of this policy rests solely with Bittap Exchange.
Thank you for your support.
— The Bittap Exchange Team