Bitget Strengthens Controls Over Listings and Market Makers

Bitget introduces a framework to enhance market integrity

Bitget Strengthens Controls Over Listings and Market Makers

The cryptocurrency exchange Bitget has introduced a new set of rules known as the Market Integrity Token Accountability Framework, which tightens control over market makers and projects after their listing on the platform. This innovation aims to monitor manipulations and ensure fair trading activities.

Contractual Obligations and Verification

For each new project after its listing, Bitget signs a contract prohibiting price manipulation, creating artificial volatility, and using the listing as exit liquidity. This helps protect investors’ interests and maintain overall market balance.
In case of suspicious activity, the platform may take a range of actions: from a "Special Treatment" label to delisting. The ST label is similar to a warning used on Chinese stock markets to alert investors about potential issues with stocks.

Token Scoring and Its Methodology

Bitget has introduced a token scoring system based on a 100-point model. This methodology includes analyzing parameters like on-chain activity, technical characteristics, community sentiment, and liquidity. Regular rescoring allows timely identification of problematic assets.
Internal investigations may be forwarded to regulatory agencies if suspicions of insider trading or other forms of manipulation are confirmed.

Collaboration and Data Exchange

Bitget actively supports long-term strategies aimed at reducing market abuse. The exchange seeks to collaborate with other major platforms to share information about market violations, which should minimize cross-exchange manipulations.

UEX Jumpstart Program for New Users

Previously, Bitget launched the UEX Jumpstart program with a prize pool of 430,000 USDT, aimed at attracting new users. The program includes crypto futures, precious metals, stocks, and contracts for differences (CFD).

Conclusion:

Bitget’s framework demonstrates a serious approach to ensuring market integrity, minimizing manipulations, and increasing transparency. These measures allow the platform to stay at the forefront of innovation, maintaining trust among users and protecting their interests.

• Strengths: Increasing market transparency and fairness.
• Risks: Potential conflicts with projects during stringent checks.
• Opportunities: Attracting new users and investors.
• Threats: Competition from other exchanges offering less stringent controls.

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