Binance and Coinbase crashes caused by algorithmic trading firms dYdX exec

1. Algorithmic trading firms blamed for Binance,Coinbase crash: Algorithmic trading firms have been blamed for the recent crash on Binance and Coinbase,as noted by the decentralized finance (DeFi) platform dYdX. These firms use automated systems to execute large trades,which can create significant price swings in the market.

2. Market manipulation concerns raised: The crash caused by algorithmic trading firms has raised concerns about market manipulation and the impact of high-frequency trading on the cryptocurrency market. Traders and investors are calling for more transparency and oversight to prevent such incidents in the future.

3. dYdX's response to the crash: dYdX,a DeFi platform,has called for reforms in the cryptocurrency market to address the issues caused by algorithmic trading firms. They emphasize the need for better risk management practices and stricter regulations to protect investors and ensure market stability.



source https://titdoi.com/news/Binance-and-Coinbase-crashes-caused-by-algorithmic-trading-firms-dYdX-exec

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