Ebi.xyz Launches Self-Trade Prevention Mechanism on Its Platform

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by Giorgi Kostiuk

2 years ago

Made with AI

  1. New Feature on Ebi.xyz
  2. Issue of Self-Trading on DEX
  3. Implementation and Future of the Platform


    4. Ebi.xyz, a decentralized exchange (DEX) built on Arbitrium One, announced the launch of its Self-Trade Prevention Mechanism to address wash trading issues on exchanges.

    New Feature on Ebi.xyz

    Ebi.xyz recently registered over 145K new users within a week on its platform. The launch of the self-trade prevention mechanism coincides with this event, providing new users with increased security and confidence while trading.

    Issue of Self-Trading on DEX

    The issue in question involves entities buying and selling assets to create a misleading appearance of market activity. A study revealed that nearly 70% of Ethereum-based DEX liquidity pools engaged in such trades since September 2020.

    Implementation and Future of the Platform

    The self-trade prevention mechanism on Ebi.xyz blocks transactions where a single account attempts to trade with itself. This step underscores the platform’s commitment to creating a fair trading environment. Active users can trust the reliability and fairness of market operations on the platform.

    Ebi.xyz continues to implement measures that enhance user trust and ensure fair trading in the decentralized finance landscape. The platform has secured the 12th position among the most popular derivatives DEXes on CoinMarketCap, solidifying its growing market presence.

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