DWF Labs trades at least $4 billion per month on Binance
2024-05-09 10:28:21
According to the Wall Street Journal, trading and investment firm DWF Labs became a Binance VIP 9 client, meaning the company was trading at least $4 billion a month. Instead of going price neutral, DWF offered to use its active trading positions to drive up the price of the token and create so-called "artificial volume" on exchanges, including Binance, to attract other traders, according to the proposal sent to potential clients in 2022.
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