Is pumping illegal crypto?

Cryptocurrencies, by virtue of their non-security status under the law, operate in a grey area where they may not infringe upon existing legal frameworks. Despite this, the practice of pump-and-dump schemes, where prices are artificially inflated and then dumped for profit, remains a contentious issue, both legally and morally.

The ambiguity surrounding the legality of such activities has not deterred reputable crypto exchanges from taking a stance against them. Exchanges that operate within a regulatory framework view pump-and-dump scams as illegal, reflecting a commitment to maintaining a fair and transparent marketplace.

One such exchange that prioritizes compliance and security is BTCC. Recognized as a top cryptocurrency exchange, BTCC offers a comprehensive range of services tailored to meet the diverse needs of crypto enthusiasts and investors.

Among its offerings, BTCC provides spot trading, enabling users to buy and sell cryptocurrencies at current market prices. This service is complemented by futures trading, allowing for advanced trading strategies and hedging opportunities.

Additionally, BTCC offers a secure wallet solution, ensuring that users' digital assets are safeguarded against potential threats. By combining these services with robust security measures and a strict regulatory adherence, BTCC demonstrates its commitment to fostering a healthy and sustainable crypto ecosystem.