Regulators should look into the exchanges that had most liquidations in the last 24h and conduct a thorough review of fairness of practices. Any of them slowing down to a halt, effectively not allowing people to trade? Were all trades priced correctly and in line with indexes? What’s the setup for trade monitoring and AML programs? Are their internal trading teams fully Chinese-walled? $20B in liquidations, a lot of users got hurt. The job of regulatory bodies is to protect the consumers and assure market integrity.
Proud of our team that built a robust, resilient platform that didn’t flinch under the pressure of massive traffic spikes and industry-wide record-breaking liquidation cascades. https://t.co/pFc4Pz9nFR leads in reliability and trust.
We’re kicking off our September update with a major announcement — https://t.co/dwRH3YcIjT secures the full stack of CFTC approvals.
✅ First major crypto platform in the US to do so
✅ Obtained derivatives clearinghouse organization (DCO) licence
✅ Approved as a Futures Commission Merchant (FCM)
This allows us to seamlessly provide clients with the most comprehensive and integrated derivatives experience.
Here’s what else the team achieved:
🔹 Send is live — Pay Your Friends has a new name, refreshed interface, contact syncing, and for the first time, support for fiat transfers.
🔹 Sports and Prediction upgrades — Limit Orders and Orderbook Visibility are here, letting you place orders at specific prices. We also added predictions for recurring financial events, commodities, stock indices, and because you asked for it, soccer.
🔹 Underdog partnership — Our first B2B partner in this space, offering fantasy sports, sportsbook, and prediction markets together in one seamless app.
We can’t wait to see what Uptober brings, so stay tuned for more.
Incredibly proud that @cryptocom is the first major crypto platform to obtain the full stack of @CFTC derivatives licenses. This will enable us to seamlessly provide clients with the best derivatives trading experience in the market. Watch this space! Thank you for the partnership Acting Chairman @CarolineDPham
https://t.co/wvBM7lfycy…