The Crypto Casino

“The biggest casino in the world isn’t in Las Vegas; it is in offshore crypto exchanges, where billions get wiped out in a flash,” says Marty Party, a crypto analyst.

He claims that neither retail investors nor institutional spot buying drives crypto’s price action. Instead, offshore, unregulated futures markets hold the real power.

> People understand offshore centralized unregulated crypto exchanges manipulate the crypto markets in both ways, up and down. They make the bull and bear market. Their primary business is an unregulated unlicensed global crypto futures market (casino) and they sell bets to…
> — MartyParty (@martypartymusic) March 7, 2025

Offshore Exchanges: 10x Vegas, 8x Sports Betting

Marty argues that these offshore centralized platforms control over 80% of crypto pricing, tampering with markets through leveraged futures trading.

With over $100 billion traded daily, these exchanges exceed the entire Las Vegas casino industry tenfold and outshine global sports betting, handling eight times the volume.

Related: Crypto Analyst Warns: Time to Pull Your Crypto Off Centralized Exchanges

Exchange Price Tricks

The analyst notes that these exchanges utilize deceptive tactics to inflate market trends. Since they control a significant portion of the market, they can manipulate prices to cause liquidations and profit from traders’ losses.

Here’s how it works: if traders are feeling bullish and bet on rising prices (long positions), the exchanges drop the price to trigger liquidations. Conversely, if traders are bearish (short positions), they can raise the price to trigger those liquidations. This conduct allows them to profit regardless of market direction.

Binance: Master of Volatility

“Their business is maximum pain,” Marty Party explained. “They don’t care about crypto. They care about the game.” This artificial volatility deters institutional investment and disrupts the actual value of assets like Bitcoin, Ethereum, and Solana.

A significant factor contributing to this volatility is Binance’s perpetual contract market, which influences global crypto pricing. Even seasoned traders are affected as exchange-induced liquidation waves wipe out positions.

Related: Binance Lists RedStone (RED): Decentralized Oracle Network Joins Market Race Against Chainlink, Pyth

CFTC Needs to Step Up

While the allure of leveraged gains attracts traders, the analyst argues this unregulated gambling damages crypto’s credibility. Unlike traditional stock markets, which have safeguards against manipulation, offshore exchanges operate outside U.S. regulatory frameworks.

With crypto now integrated into national strategic reserves, the analyst urges the CFTC to intervene and regulate offshore futures markets, investigate price manipulation, and implement required changes.

Until then, these offshore “predatory casinos” will hinder the establishment of a fair and free market.

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