The decline in the Kraken exchange occurred after the recent fall in Bitcoin prices, the price of which showed an incredible decline: the value of the asset fell by 98%, a minimum has not been observed since 2013.
Failure of the Kraken exchange
The collapse was noted by quite a few in the crypto social networking circles. The accident led to the fact that the exchange rate, which is in the top nine in terms of sales, amounted to only 101.2 Canadian dollars (CAD).
According to the discussion on Reddit, a trader or tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details bot mistakenly sold over 1,100 BTC ($ 9.94 billion) for 101.2 Canadian dollars (CAD), which caused a significant change in the book of exchange orders. As reported last week, the Kraken already had a sudden failure of a slightly different magnitude: when the BTC fell just $ 500 from 8722 to 8200 dollars.
Interesting in the section: Kraken: working with crypto-exchange, description
The exchange is not the first time shows a completely different prices for Bitcoin, according to users, this is the "third sudden failure on the stock exchange in less than 6 months." A number of analysts equate this drop with "price manipulation" with adjustment of orders for the "financial gain of the exchange".
The downturn on the popular Kraken exchange occurred after the recent fall in the BTC price. Recall that Kraken announced recently that the Bitcoin SV trading has been disabled, while Bitcoin Cash has received a 10 percent price jump.
Editor: Yulia Krasnaya