What is the impact of Apex Rule 606 on the cryptocurrency market?

3 answers

• Nov 24, 2021 · 3 years ago
  Apex Rule 606 is a regulation that requires broker-dealers to provide customers with information about the routing of their orders. In the cryptocurrency market, this rule affects exchanges like Binance and BYDFi, as they are required to disclose how they route customer orders. This transparency can help investors make more informed decisions and ensure fair trading practices.
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• Nov 24, 2021 · 3 years ago
  Apex Rule 606 has a significant impact on the cryptocurrency market. By requiring exchanges to disclose their order routing practices, it promotes transparency and accountability. This can help prevent market manipulation and ensure a level playing field for all participants. Exchanges like Binance and BYDFi have implemented measures to comply with this rule and provide customers with the necessary information.
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• Nov 24, 2021 · 3 years ago
  As a third-party exchange, BYDFi is also impacted by Apex Rule 606. We have taken steps to ensure compliance and provide our customers with transparency regarding order routing. This rule helps build trust in the cryptocurrency market and promotes fair trading practices.
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