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Two things: 1. Because crypto exchanges are also clearinghouses, liquidations tend to cascade. 2. It's much more blatant in the crypto markets. See the DRW la
by VHRanger 5y ago
Two things:
1. Because crypto exchanges are also clearinghouses, liquidations tend to cascade.
2. It's much more blatant in the crypto markets. See the DRW lawsuit linked in the article - the CFTC is aware that DRW is doing similar things in the CME futures market, but the extent to which it's done is smaller.