In order to regulate platform transactions, maintain fair market order, prevent risks, and protect the legitimate rights and interests of users, the platform will strengthen supervision and management of abnormal transactions. If a user is found to have violated the rules, the platform has the right to take corresponding measures.
These rules will be adjusted dynamically according to market conditions, and the revised content will be announced and automatically take effect. Users who continue to use the platform services will be deemed to have agreed to the latest rules.
1、Definition of abnormal trading behavior
The following behaviors are all violations and will be dealt with seriously once verified:
- Arbitrage behavior: self-trading by exploiting loopholes, brushing fees/rebates/bonuses, hedging, etc.
- Over-limit positions: the combined positions of related accounts exceed the limit.
- Market manipulation: arbitrage, knocking, price manipulation, etc.
- Knock-on transactions: related accounts agree to trade at the same time and price, and transfer funds by buying high and selling low.
- Convergent transactions: related accounts trade the same type, same direction, opposite direction, and similar number of lots.
- Account theft transactions: stealing other people's accounts to transfer funds.
- AB warehouse transactions: using oneself or multiple accounts for asymmetric transactions.
- High-frequency/quantitative violations: including rapid opening and closing of positions within 5 minutes, circular transactions, etc.
- Illegal fund violations: buying and selling coins on behalf of others, receiving illegal funds. Malicious use of deposits and withdrawals to conduct illegal operations such as fund confusion.
- Other violations: any behavior that harms the platform or other users.
2、Characteristics and judgment criteria of illegal trading behaviors
1.High-frequency order brushing
- Single account daily transactions ≥ 20 (opening and closing positions are 1), and ≤3 minutes order ratio> 50% → prohibit trading and confiscate funds
- Single account daily transactions < 20 (opening and closing positions are 1), and ≤3 minutes order ratio> 50% → confiscate illegal gains
2.Counter-trading/hedging/AB positions
- The same or multiple accounts (associated accounts) operate with the same product, opposite direction, same direction, and similar number of lots in a similar time
3.Ultra-short-term trading
- Opening and closing positions within 1-2 minutes and ≥ 3 transactions per day
4.Associated accounts
- All associated accounts have cumulative daily transactions> 100 transactions → black card treatment
3、Penalty measures
According to the severity of the violation, a step-by-step penalty is adopted:
Level |
Measures |
Black card |
- Deduct illegal income and freeze fund account - Permanently deduct rebates and freeze transactions - Withdrawal limit of 1-6 months (no lifting for second violation) |
Red card |
- Deduct illegal income and permanently deduct rebates - Withdrawal limit of 100U/day |
Yellow card |
- Deduct illegal income and deduct rebates - Withdrawal limit of 100U/day |
Other penalties |
- Freeze assets and ban accounts |
Note: Abnormal transactions will be rolled back within 1-2 working days.
4、 Supplementary Provisions
1. The platform reserves the right to make final interpretations of violations and the right to adjust the rules.
2. Users can appeal or consult through the official email (help@coinp.com).
3. In case of conflict between the Chinese and English versions, the English version shall prevail.
5、Agreement Update Instructions
We may revise the agreement at any time and announce it through the website announcement. The revised content will take effect from the date of publication. Please check for updates regularly. If you continue to use the service, you will be deemed to have agreed to the revised terms.
Risk Warning: Cryptocurrency investment risks are extremely high, and users must bear their own decision-making responsibilities.