We do the same but if you jump through the hoops and want to dump anyway, we don't stop you. Should we?
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1. No, 2. Yes (someone took the other side of every trade) but I'm sure people who sold at a price lower than the current best bid would prefer a do-over, 3. what would "handling" it be? Everything appears to have operated as expected. The event was entirely predictable.
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Most people don't use stop market orders, and most people don't trade with margin, and those who trade with margin aren't usually collateralizing their long position with the same asset they're long, setting themselves up for a double whammy when the price dips.
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Good to know how your users are valued on a case by case basis. Looking forward to exiting.
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I wasn't even impacted by this, but the fact that your defense of the circumstances is based on the percent of users in x leveraged position vs not, is telling.
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Some see problems, others see opportunities. On the up side, it does seem like these movements bring more liquidity to the exchange.
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Jessie, every pair that has margin trading on your platform had a 30-90% flash crash today and you're denying that there was a problem?
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That's not true but what's the hypothesis? We can test it. Markets moved across all the exchanges.
I really don’t understand all the crying. Exchanges shouldn’t try to regulate the market. Im prob gonna move 6 figs to kraken now to catch these opportunites hoping they continue to happen.
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Put an orange coin on that podium profile pic sir! *chefs kiss*
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ADAUSD, ETHUSD, DOTUSD, BCHUSD, EOSUSD, LINKUSD
All these markets have margin. Take a look at the index prices of Coinbase\Binance for these pairs. They wicked to nowhere near the level.
Then run the same comparison on your markets that don't have margin.
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There is no problem on Kraken everything that happen was correct market function but if you insist I’ll have another look over what you’re calling a “problem”
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