In order to safeguard the trading experience of community users, standardize market trading behaviors, and protect the rights and interests of investors, XT.COM will identify and judge users who engage in illegal arbitrage using multiple accounts or devices through multi-dimensional feature recognition (including but not limited to fee gouging, hedging, etc.). XT.COM will take corresponding measures against users detected by our system for illegal arbitrage (including but not limited to KYC, account block, asset freezing, login restrictions, etc.).
I. Abnormal Trading Behavior and handling Methods as stipulated by the Exchange:
1. Abnormal Trading Behaviors as stipulated by the Exchange:
1.1 Excessive market trading behavior: large intraday trading volume;
1.2 Self-trading behavior;
1.3 Consolidated positions controlled by related accounts exceed the exchange's position limits;
1.4 Actual related accounts engage in market manipulation through methods such as collusion, price manipulation, and illegal profit-taking;
1.5 Theft code trading behavior: users who illegally steal others' accounts and passwords, or use related accounts for illegal transactions and fund transfers;
1.6 Wash trading using accounts and related accounts;
1.7 Violation of rules in quantitative trading, arbitrage trading;
1.8 Engaging in AB warehouse trading behavior using own account or multiple accounts;
1.9 High-frequency trading or engaging in high-frequency irregular trading using programs;
1.10 Actual related accounts engage in abnormal convergence trading behavior;
1.11 Trading on behalf of others;
1.12 Engaging in ultra-short-term trading (frequent intraday opening and closing);
1.13 Participating in price manipulation or any other malicious market behavior;
1.14 Potential actions deemed harmful to the market by XT through exploiting vulnerabilities or other unreasonable means of this server;
1.15 Participating in any other actions deemed harmful to the market by XT;
1.16 Using multiple devices and accounts to collect handling fees, hedging, and other behaviors.
2. Behavior of opening trading positions exceeding the intraday opening trading volume set by the exchange:
2.1 The behavior of opening trading positions in a single day on a particular trading product (including but not limited to XT.COM spot trading, futures trading, margin trading) exceeding the intraday opening trading volume set by the exchange;
2.2 The behavior of the daily outstanding trading volume on a specific trading product (including but not limited to XT.COM futures trading, spot trading, margin trading, leveraged ETF) exceeding the daily outstanding trading volume set by the exchange; XT.COM will take measures such as account suspension, increasing trading fees, etc., for behaviors suspected of disrupting trading order (including but not limited to high-frequency trading, malicious opening positions, inducing others to place orders, etc.).
3. OTC trading involving money laundering, fraud, malicious trading, and other violations:
3.1 Non-owner usage of accounts or acting as an agent for others to buy or sell coins: When users are verified by the platform's risk control to engage in selling, lending, renting, or commissioning their own accounts for others' use, or engage in acts of buying or selling coins for others, with suspicions of money laundering;
3.2 Receiving or introducing crypto assets or funds from illegal sources: When users knowingly or reasonably believe that coins received from other platforms/groups are black coins or funds are black money, but still ignore the risks and directly transfer the black coins/black money to the platform, suspected money laundering behavior;
3.3 Non-compliant risk transactions, such as failing to bind valid payment information that matches the user's real name or providing buyers with payment channels that do not match the user's real name registered on our platform;
3.4 Scam behavior of clicking "paid" without payment and creating false transfer records; or scam behavior of having received payment but falsely claiming not to have received payment;
3.5 Malicious trading behaviors such as frequent order cancellations, adding risk notes to payments, and maliciously snatching low-priced orders;
3.6 Other illegal trading behaviors.
4. Handling Methods for Abnormal Trading Behaviors:
4.1 Immediately terminating both your account and access to our servers and deduct any abnormal gains.
4.2 Invalidate all trades constituting ultra-short-term trading activities (i.e., roll back trading data).
4.3 Close all trades constituting ultra-short-term trading activities based on our current market prices.
II. Types and Handling Methods of Wash Trading, Wash Orders, AB Warehousing, and High-Frequency Irregular Trading:
1. Types and Characteristics of Wash Trading:
1.1 Theft code trading: The use of stolen trading passwords to engage in transactions as counterparties between accounts controlled by the thief and the victim, disrupting trading management order to transfer funds.
1.2 Related account wash trading: Pre-planned or pre-agreed trading at the same time with the same price in two or more related accounts, where one account buys high and sells low, resulting in obvious losses, or buys low and sells high, resulting in obvious profits, thereby transferring funds from the client's account to their own free account.
1.3. The client uses wash trading to transfer client account funds: The client uses the client's account and its own account to engage in transactions as counterparties, thereby transferring funds from the client's account to their own account.
1.4. Identification of related accounts: Similar registration time, same registration IP, same deposit and withdrawal address, etc.
2. Types and Characteristics of Wash Orders, AB Warehousing, and High-Frequency Irregular Trading:
2.1 Multiple related accounts placing orders for the same variety, in the same direction, with similar proportion lots, and at similar opening and closing prices during the same period.
2.2 Using the same account or multiple related accounts, place orders for the same variety, in different directions, with similar proportion lots during the same time period, and manually or using pending orders for opening and closing operations.
2.3 Rapid opening and closing trades within an extremely short period.
3. Handling Methods for Wash Trading and other Irregular Trading:
In accordance with the relevant regulations of the exchange, we will impose certain penalties on investors engaged in irregular trading, such as ordering corrections, confiscating illegal gains. For minor offenses, warnings, forced liquidation, suspension of opening trades, etc. will be imposed; for serious offenses, notifications, forced liquidation, suspension of opening trades, account freezing, and declaration as "market ban-listed individuals" will be imposed; if suspected of violating the laws of the country, we will transfer them to judicial authorities and take measures such as prosecution through the courts.
XT.COM strictly prohibits unfair trading practices：
If you engage in the following activities, XT.COM reserves the right to exercise executive control over your account:
- Engaging in price manipulation or any other malicious market behaviors;
- Damaging other users or the XT.COM platform through exploiting vulnerabilities or other unreasonable means of this service;
- Engaging in any other activities that XT.COM deems harmful to the market;
- Using multiple devices and accounts to collect handling fees, hedging, and other behaviors.