1. Overview
To regulate trading activities, maintain market functioning, and ensure fairness, MEXC monitors trading activity to identify and address irregular behavior. When abnormal trading behavior is identified, MEXC may initiate procedures for handling abnormal trading and take corresponding management measures against the users involved.
2. Identification of Abnormal Trading Behavior
A user's activity will be deemed abnormal trading behavior under any of the following circumstances:
1) Engaging in repeated self-trading (buying and selling with oneself) or transactions between accounts under the same beneficial control, acting as counterparties multiple times (self-matching). This includes, but is not limited to, abnormal behavior such as identical or related sources of funds across one or more accounts, identical IP addresses, or synchronized trading patterns; accounts under the same actual control using wash trading or matched trades to manipulate market prices; or repeated counterparty transactions between customers within one or more accounts under common control.
2) Frequent intraday order placement and cancellation that may affect trading prices or mislead other market participants (frequent order placement and cancellation).
3) Multiple intraday large-order placements and cancellations that may affect trading prices or mislead other market participants (large-order placement and cancellation).
4) The number of opened trades in a single day for a specific trading product (including but not limited to MEXC Futures or Spot) exceeds the intraday trading limits set by the exchange.
5) Using algorithmic trading methods to place orders in a way that may affect the security of MEXC's systems or the normal trading order.
6) Trading behavior carried out with dishonest intent: Where MEXC reasonably determines that there may be suspected or actual market manipulation and/or market abuse, including but not limited to the following:
- Conducting trades at executable prices that significantly deviate from current market prices to secure unfair profit.
- Deliberately influencing market prices or market depth by other means for the purpose of manipulation.
- Exploiting MEXC's pricing mechanisms or other system vulnerabilities for improper gain.
- Engaging in abnormal wash trading to create a false appearance of market activity or distort market behavior for improper gain.
7) Coordinated multi-account activity: Where two or more accounts are under common control or highly related, and by synchronizing or coordinating their trading behavior, may constitute market manipulation or abuse. In such cases, MEXC may assess and handle the activity collectively based on comprehensive evidence.
8) Any other circumstances as determined by MEXC.
3. Handling of Abnormal Trading Behavior
To safeguard the integrity of trading on MEXC, if a user engages in any of the abnormal trading behaviors listed above, MEXC may, without prior notice, take the following measures against the account:
1) Require the user to provide a report on their trading activity.
3) Restrict opening new positions, impose deadlines for position closures, or enforce liquidation.
4) Restrict deposits and withdrawals for the account.
5) Close the account and confiscate any remaining assets.
6) Take any other measures permitted under the exchange's business rules.
4. Disclaimer of Liability
Users participating in trading on MEXC must comply with applicable laws, regulations, and the business rules of the exchange, and are subject to MEXC's oversight and monitoring of the legitimacy of their trading activities. Users are expected to regulate their own trading behavior accordingly.
MEXC reserves the right to pursue any fair and legally permissible remedies in response to abnormal trading behavior, including but not limited to restricting all trading activities of abnormal trading accounts. MEXC shall bear no liability for any economic losses arising from suspected violations of these rules.
