Vega’s proposal involves setting up a mechanism that increases incentives for market makers when liquidity is undersupplied, and decreases when there is sufficient liquidity—that is, the ability to execute buy and sell orders quickly.
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Huobi perpetual swaps ‘exploit market volatility’
Huobi DM pitches new perpetual swaps futures contracts as a way to profit from extreme price swings
In the wake of Black Thursday, Huobi Group’s derivatives platform launched a perpetual swaps product it says can help cryptocurrency traders profit from market volatility, and also hedge against it.
- Black Tuesday had much better visuals than Black Thursday, especially on the floor of the NYSE (Photo: Wikimedia Commons).
Huobi DM putting brakes on margin calls
The new feature should slow or stop borrowers’ assets being automatically liquidated after sudden price crashes, which can cause “extensive user losses”
Derivatives trading platform Huobi DM has announced a new feature designed to “minimize user exposure during times of severe market volatility” in digital assets. Its solution is to unveil a new mechanism that performs liquidation gradually.
- LedgerX CEO Paul Chou accused CFTC Chairman J. Christopher "Crypto-Dad" Giancarlo of vendetta (via LedgerX).
LedgerX accused ex-CFTC Chair J. Christopher Giancarlo of vendetta
An unflattering blog post by LedgerX CEO Paul Chou led to a campaign of delays to the exchange’s license to offer physically settled Bitcoin futures, the firm alleged
Cryptocurrency derivatives exchange LedgerX has accused former U.S. Commodity Futures Trading Commission Chairman J. Christopher Giancarlo of carrying out a revenge campaign. LedgerX wrote two letters of complaining about Giancarlo to the CFTC in July, Coindesk reported September 28. Giancarlo is known as “Crypto-Dad” because of his favorable view of the cryptocurrency industry. Coindesk obtained the letters, written on July 3 and July 11 from the CFTC via a Freedom of Information Act request. In them, LedgerX CEO Paul Chou claimed Giancarlo deliberately sabotaged and delayed its vital derivatives clearing organization (DCO) license application. “In January, the Chairman called one of our board members and told him that he was going…