The encryption market maker MyTrade MM has pleaded guilty and is committed to developing compliant business operations.

Odaily Planet Daily News encryption market maker MyTrade MM's lawyer Jason Benzaken revealed to Odaily that its founder Liu Zhou admitted to the charges related to illegal exchange wash trading business that the US government believes. Liu Zhou takes responsibility for this and proactively approaches the US government to resolve these charges. In addition, the accused volumewash trading business has been removed from the products and official website. The market-making services are operating normally and can continue to provide market-making services to customers. Liu Zhou will continue to provide legal services in compliance with any regulatory requirements.