Bitroyal's perspective on trade surveillance and market integrity

March 31, 2022 at 07:34 AM EDT

Buy, Sell, and Store Crypto Currencies with the most trustworthy Bitcoin Trader.

London, United Kingdom Mar 31, 2022 (Issuewire.com) - One of the most common misconceptions about cryptocurrency is that it is an unregulated market full of insider trading, market manipulation, and unethical actors. In actuality, this is not anything like the truth. In truth, cryptocurrency is heavily regulated, and competent players in the field take pride in collaborating with regulators all over the world to assure the security and safety of their consumers and their cash.

Overview

BitRoyal, like all publicly traded firms, limits the amount of stock that employees and other insiders can acquire and sell. Employees and corporate insiders, for example, are only permitted to trade in very limited trading windows, such as those immediately following our public results calls, or through pre-scheduled and pre-approved plans if they do not have MNPI.

Similarly, our insider trading procedures for crypto assets (including NFTs) are meant to ensure that no one linked with the company can trade crypto assets (including NFTs) using information that isn't public. This also includes knowing whether or not an asset will be removed or added from our trading platforms, whether or not we will be offering new features or services based on an asset (such as product integration or staking), or any other information that could influence (positively or negatively) the price of an asset.

We maintain a frequently updated list of banned digital assets to ensure that employees and others covered by this policy are informed of which assets they can and cannot trade at any given moment. Furthermore, employees with broad insight across the company (for instance, senior managers and several members of our compliance, legal, communications teams)

Furthermore, employees with broad insight across the company (for instance, senior managers and several members of our legal, compliance, and communications teams) are subject to an "enhanced" insider trading policy which incorporates supplemental oversight like pre-disclosure of trades made outside of Coinbase's trading platforms, quarterly attestations, and additional monitoring.

Coinbase also requires all employees and board directors to only trade cryptocurrency on Coinbase's trading platforms as an additional degree of protection (unless the asset they wish to trade is not supported by Coinbase in their region). This extra step is crucial for two reasons: For starters, it means we can prevent specific employees from trading on particular assets at certain times. Second, it means we have complete insight into our employees' and board members' trading activity, which is a significant difference from traditional exchanges and spot markets, which encourage people to trade on platforms other than the ones for which they work.

Our Trade Surveillance team can also check for illegal trading behaviours, such as market manipulation, by requiring workers to trade exclusively on Coinbase platforms. Market manipulation can take many forms, but it is broadly defined as actions taken by any market participant or a person acting in concert with a market participant in order to:

deceive or mislead other traders;
artificially control or manipulate the price or trading volume of an asset;
or aid, abet, enable, finance, support, or endorse any of the above.

This could include acts taken within Coinbase Pro/Exchange as well as actions taken outside of Coinbase Pro/Exchange.

Trade surveillance and monitoring

BitRoyal takes trade surveillance and monitoring very seriously. Former regulators, compliance at global, Bulge-Bracket banks and broker-dealers, technology businesses, and crypto specialists all contribute to our Trade Surveillance team.

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