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Am I interpreting this correctly: - Margin positions will remain open - Margin liquidations will be paused for at least 48 hours So if bitcoin makes any big
by relix 9y ago
Am I interpreting this correctly:
- Margin positions will remain open
- Margin liquidations will be paused for at least 48 hours
So if bitcoin makes any big moves in the next 48 hours, there won't be any margin calls and the traders might end up with a giant debt to kraken because the positions won't automatically close? This sounds like extremely risky, and if I'm correct, might make Kraken go bankrupt if the moves are big enough, taking down with it everyone's assets still on Kraken.
> Withdrawals are now disabled and will remain disabled for a minimum of 12 hours
Can't even secure your assets for the next 12 hours if you wanted to.
Let's hope for Kraken that the coins trade sideways the next 48 hours.