Bitcoin exchanges have difficult times in the USA. In a lot of cases, strict regulatory requirements ensure that crypto and blockchain companies censor themselves from making their platforms accessible to Americans. This is also the case with BitMEX – at least that’s what people thought – up to now. Bloomberg Report About CFTC Investigation The […]
Category: Exchanges
The Art of Liquidation: Part IV – The Invisible Tentacle of the Markets
Welcome to “The Art of Liquidation: Part IV”. In the last few episodes we learned how various crypto derivative exchanges handle extremely large liquidations, which are potential threats to the market. OKEx and Poloniex socialize the losses, Bitmex has an insurance fund that has become systemically relevant itself due to its sheer size. What is […]
Bitfinex Will Roll Out x100 Margin Trading
Bitfinex will roll out x100 margin trading for Bitcoin. In the whitepaper on Leo, Bitfinex’s own crypto currency, under the heading “Upcoming projects” there was already a hint that from June 2019 trading would be supported with a leverage of up to 1:100 for “selected customers”. Now Bitfinex’s CTO Paolo Ardoino has added to Twitter, […]
The Art of Liquidation: Part III – The BitMEX Insurance Fund
In the last two episodes we learned that some exchanges tend to socialize losses from big liquidations. The traders on the exchange have to take a haircut, the loss is carried by many shoulders and the exchange can keep on operating. That works, but it is not fair. Users that have not caused the loss […]
BTX500: Bitcoin from $8800 to $85,000 to $6 With Enabled x500 Leverage
Bitcoin leveraged trading is risky. Very risky. But what happens when there is an exchange enabling their customers to trade Bitcoin with x500? Well, BTX500 “tested” this and the results where pretty clear: As loomdart reported on Twitter the price there went from $8800 to $85,000 to $6 within a matter of minutes. BTX500 claims […]
The Art of Liquidation: Part II – The Polo-$CLAM-Chowder
If an asset is very illiquid this can lead to great volatility. The order books are thin and medium or even small market orders move the market. Everybody who tried to accumulate microcaps before knows how difficult it is to build or dump a position that is bigger than the orderbooks. With microcaps already small […]
