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Suspicious behavior on Kraken exemplifies the gap between crypto and legacy market structure (via

@_RJTodd

) theblockcrypto.com/2019/03/12/sus

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electo

@3L3C70

Mar 13, 2019

I am struggling to see how this is different from what we saw across the board (CB, Finex etc) in 2016, 2017 during those major dumps. Can anyone please help explain?

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Ryan Todd

@_RJTodd

Mar 13, 2019

Yeah wasn’t meant to be a hit piece, just reported the tip and everything according to that institutional account. They believe pretty strongly kraken enabled stop hunting. Had stops at 120, 119.5, 118.5, and 117.5 that weren’t hit on other exchanges. Got stoped at 116 on Kraken

lowstrife

@lowstrife

Mar 13, 2019

Markets disconnect every day in crypto. This isn't the nyse with bots arbigraging markets in nanoseconds. If a move happens it frequently will over-react somewhere. How about coinbase? Are they faking liquidity too? I can give you examples like this for every single exchange.

Ryan Todd

@_RJTodd

Mar 13, 2019

I hear ya, that’s kinda the point of the article. Institutional investors exploring crypto aren’t used to lacking market structure like higher slippage and execution costs. It’s obvious to seasoned crypto traders, but that’s the feedback we heard from multiple II parties

Replying to

That is 100% nonsense. As someone who has 10's of thousands of institutional accounts, you can take my word for it. Maybe you have one data point of one ignoramus but you cannot make a sweeping statement like that.

3:09 AM · Mar 13, 2019Twitter Web Client

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