Today's market crash is brought to you by Kraken's malfunctioning trade matching engine.
Conversation
Hi Kevin, I'm a fan of but don't you think it's irresponsible to make misleading, disparaging and libelous statements on the basis of your own speculation, without any direct information? I'm sure you can think of a plausible alternative. Hope you issue a correction.
22
10
55
What happened then?
1
2
2
What do you mean? I’m not disputing the accuracy of the chart.
2
I mean what caused it if the matching engine didn't fail?
1
3
What caused order to match? Buyers and sellers agreeing on a price.
Markets are all independent in crypto. There is no centralized monopoly like you have in equities. I bought a whole pineapple in Cambodia for $0.25. Same pineapple $3 in California.
2
1
Show replies
Ok here’s a more precise question: why do you believe these buyers and sellers ‘agreed on prices’ dramatically different than on *all* other exchanges? What what do you believe explains the difference? What is unique about Kraken traders such that the chart looks like that?
1
7
I would have to speculate as to the motivations, time preference, strategies of the buyers and sellers. People trade for all sorts of reasons. Maybe people aren’t watching other venues? Maybe Kraken has bigger whales? Maybe somebody made a mistake?
3
1
5
Show replies