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Binance Fees Explained (How to Reduce Binance Fees)It's no secret that wash trading � a form of market manipulation where the buyer and seller in a transaction are the same or collude together � continues to. The SEC's case accuses Binance of wash trading. A Forbes investigation reveals that FTX may have been an important middleman. A wash trade is a form of market manipulation in which an investor simultaneously sells and buys the same financial instruments to create deceptive.