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Just tried to short sell USDT on Kraken. Response: Canceled - Insufficient Margin. This means "that the exchange's margin pool for that currency is currently us
by ifdefdebug 9y ago
Just tried to short sell USDT on Kraken. Response: Canceled - Insufficient Margin. This means "that the exchange's margin pool for that currency is currently used up" [1].
So this might give you an idea to start with...
[1] https://support.kraken.com/hc/en-us/articles/217696017-Insufficient-Margin https://support.kraken.com/hc/en-us/articles/217696017-Insuf...
- jandrese 9y agoOr basically: No remaining suckers available for this transaction.
- tim333 9y agoPretty much. Shorting usually relies on people having deposited the asset (USDT) with the broker (Kraken). When you short the broker sells some of the other person's asset in the market in the basis you'll buy it back if the other person wants their asset back. Presumably they've run out of USDT to sell in that manner.