Is block trading illegal?

Rule 534 is designed to safeguard the integrity of financial markets by prohibiting practices that undermine fair and transparent trading. It aims to prevent market manipulation and protect investors from the adverse effects of such illicit activities.

Compliance with Rule 534 is essential for all participants in the financial markets, including those involved in block trades. Failure to comply can lead to severe consequences, including legal penalties and reputational damage.

Block trades, which involve the exchange of large volumes of securities between accounts with common ownership, can raise concerns regarding their legitimacy and compliance with market regulations.

One crucial aspect to consider in such trades is whether they fulfill all the necessary requirements to be deemed legitimate. These requirements often involve disclosing information about the trade to the relevant authorities and ensuring that the trade does not manipulate market prices.

As a leading cryptocurrency exchange, BTCC offers a range of services that cater to the diverse needs of its customers. These services include spot trading, which allows users to buy and sell cryptocurrencies at current market prices.