Is Binance engaging in Insider trading? Insights from testing a cryptocurrency trading bot

For the past two or so months I’ve been building and testing a crypto trading algorithm that looks at the Binance announcement page, in order to quickly buy a new coin listing and make some nice gains on that. The tool went through several changes until reaching its latest form. This python crypto trading bot scrapes the Binance announcement page looking for new coin listing announcement, and if one is found, it will buy it on gate.io If you’re interested in trying out the tool — this guide can get you started on the gate.io crypto trading bot

Since the last re-write of this tool, me and several other people who were testing this tool came across something potentially suspicious regarding the Binance announcement page and how Binance handles its timestamps.

I also talked about this in my recent video, so feel to check this out, or keep on reading:

But first, it’s important to understand why the gate.io bot works by scraping the announcement page, as this will offer a better understanding into why it’s possible that Binance might be manipulating their announcement page.