Today's market crash is brought to you by Kraken's malfunctioning trade matching engine.
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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.
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What happened then?
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What do you mean? I’m not disputing the accuracy of the chart.
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I mean what caused it if the matching engine didn't fail?
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What caused order to match? Buyers and sellers agreeing on a price.
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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?
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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?
Fair enough; w time, from the crypto community generally emerges smart people who will look into and analyze anomalies like this. There was a good thread about those on Binance being massively overleveraged, compared to other exchanges. Still, curious about what explains this.
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Maybe you should get to speculating, then. The entire crypto trading community saw the incredible divergence in your exchange’s matching today. Writing it off as “idk man, market forces” is patronizing and poor stewardship of your business. Traders can and will go elsewhere.
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