Post by SimplifiedPrivacy.com
They are defining the spread. The price is the bid/ask on their app, so it's whatever they want for a few seconds.
Long term they can't manipulate. But for an hour, they can literally lock out buyers.
No, they can't. If they did on scale, they would be ftx or blockfi or any other scammer company.
The game theory isn't in there.
There is no benefit to a company doing this against their users.