Binance prepares changes for the futures platform after “sabotaging” its work
Binance Futures VP Aaron Gong posted on Twitter a perpetual schedule for Ethereum. It shows how for a short time price deviated sharply from the remaining levels about $ 390 before $ 571.73 and $ 197.74.
“It It was caused by one trader, in both cases, Gong wrote. – We believe that this can be intentionally sabotaged by a competitor. The trader himself lost a lot of money, but is he also triggered stop orders. We will add several changes to limit the impact of such actions in the future “.
First of all, Binance will change the default stop order execution price from the last price to the label price. “Many new users were unaware of the differences and used the last price. Using the price tag will avoid this problem, ”Gong explained..
Besides Togo, stock exchange activates price protection mechanism for of all stop orders including already posted. As a result, such applications are not will be be performed, if the last price and the price of marking will differ significantly.