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From the beginning FTX has been designed to prevent liquidations when possible, and minimize their impact to the extent we can. Glad to see that showing up despite $2.7b of volume!

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CryptoDiffer - StandWithUkraine

@CryptoDiffer

Mar 9, 2020

Amount of Liquidations in the past 24 hours by exchanges. In total $798.49M was liquidated! In the last 24 hours, 51,831 people have been victims of liquidation. The largest single liquidation order occurred on @BitMEXdotcom- $BTC value $10M Data source: bybt.com

2:46 PM · Mar 9, 2020Twitter Web App

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that's actually an interesting datum

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When inhouse MMs are doing 2.6 of the 2.7b of volume, 4mil in liqs ain't so strange.

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Nice ;)

GIF

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The way of deciding how much leverage to use is dumb, use a system like every other exchange pls, thank you.

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That is a major competitive advantage of FTX

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I can try to check--we report all liquidations, not just auto-closures, as liquidations so I'm guessing it's all of them, at least for BTC?

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I had a limit order above my liquidation price on bitmex and I got liquidated before the limit increased my position and lowered my liquidation price. I could have buffered more but I shouldn’t have to.

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how do they do this??