Volume support

The label a crypto market-making firm gave to a service that produced trading volume for a client's token. In the charging documents, MyTrade MM and CLS Global used it for wash trades run by bots, and the Department of Justice describes it as a form of wash trading.

manipulation techniques · updated 2026-09-20

Where does volume support come up?

This term is used in the following manipulation techniques, each explained in full on its own page.

• Paid crypto market making — Paid crypto market making is a token issuer hiring a self-described market maker whose actual service is to trade the token with itself or with confederates, manufacturing volume and price support instead of quoting genuine two-sided markets.

Enforcement actions involving these techniques

See also

• Wash trade — A wash trade is a transaction in which the same beneficial owner is on both sides, so no ownership changes hands and no market ris…
• Market manipulation as a service — The SEC's phrase for a paid offering in which a firm that calls itself a market maker generates artificial trading volume or moves…

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