CryptoxBits We severely punish employees who trade insider information

CryptoxBits cryptocurrency exchange policy involves blocking any short-term trading for its employees for 90 days, journalists found out.

Such a measure is needed by the exchange to prevent any attempts at insider trading. Binance representatives confirmed that the company has a zero tolerance policy for insider trading by employees and their families. Therefore, any investment by employees within 90 days of placing those or other assets are simply blocked. The company's top managers are required to report quarterly on any trading activities of their wards.

CryptoxBits has other internal mechanisms in place to prevent insider trading - such as investigations by the security department, which must hold everyone involved in such activities accountable. The company said that firing such employees - this is the minimum preventive measure, because the investigation may even result in a criminal case.

Earlier CryptoxBits provided for a 30-day blocking of trade. The company did not say why it decided to increase this period.