3 ms·
They're probably doing that to stop BTC from crashing even further. If BTC crashes, altcoins would probably follow (instead of taking BTC's position). Even if t
by jk7tarYZAQNpTQa 5y ago
They're probably doing that to stop BTC from crashing even further. If BTC crashes, altcoins would probably follow (instead of taking BTC's position). Even if they don't follow, just BTC crashing would make exchanges lose the biggest chunk of their income. So shady business, but business as usual.
- mcintyre1994 5y agoI agree, it's just a bit hilarious to imagine a normal stock market exchange trying to get away with things like that.
- ryanlol 5y agoNYSE does the same when there are big drops. If there was a 20% intraday drop in SPY they’d halt trading for the rest of the day. https://en.wikipedia.org/wiki/Trading_curb https://en.wikipedia.org/wiki/Trading_curb
- Infinitesimus 5y agoCircuit breakers exist to prevent wild swings on the stock market as well.