The Alienation of Power in Crypto-asset Trading Platform and Its Regulatory Approach
Around the world,Crypto-asset trading platforms have gained strong power to formulate trading rules,manage trading behavior and resolve transaction disputes by possessing the coding technol-ogy and reaching service agreements with platform users,thus becoming an important supplementary force to public power in supervising the cryptocurrency market.However,the inducement of the"profit first"concept and the lack of an external constraint mechanism have led trading platforms to prioritize their own benefits when exercising power,making it difficult to balance fairness and justice,causing huge economic losses to investors and seriously threatening the security of the trading market.In order to rectify the direction of the exercise of power and counteract the trend of power alienation,it is necessary to clarify the public positioning of the crypto-asset trading platform.It requires the trading platforms to respond to the interests and aspirations of the public,assume the social responsibility of protecting the investors'rights and safeguarding the public interest,reasonably formulate the rules of the trading plat-form,diligently conduct platform activities,impartially handle user disputes,and urge the trading plat-form to fulfill its responsibilities through comprehensive public power supervision and industry self-disci-pline,ultimately achieving the goal of regulating the power of platforms.
crypto-asset trading platformplatform powersocial responsibilityprotection of investors'rights and interestsblockchain finance