Meaning of wash trade | Babel Free
Definitions
A trade in which someone simultaneously sells and buys (from themselves) the same financial instruments, to create misleading, artificial activity in the market (especially to make the instruments appear to be frequently traded and in demand).
Examples
“To do so, you plan⟳ to list the NFT for sale and buy⟳ it from yourself at a buzzworthy sum—say⟳, for 1,000 ETH. If you already have⟳ a lot of crypto wealth, you can easily execute this wash⟳ trade⟳ by simply purchasing the NFT from yourself using a second account.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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