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Honestly not sure why people are surprised about Binance trading against their own customers

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by COINS NEWS 52 Views

Every single CeX that doesn't have an external party doing the leverage for them (none of them do), is profiting from their clients being liquidated. That's a fact.

Let's list some other facts:

  • Every single CeX experiences "technical difficulties" during high volatility periods. Over the years, we've had several posts here about Kucoin, Binance and other exchanges locking out customers during the most opportune periods (high volatility), their stop loss orders not working (you know, technical difficulty thing), while being liquidated. So technical difficulties for stop loss, but not for liquidations. Huh, how convenient. The CEO of Kucoin had to come here and make a PR damage control BS post bcs several posts dissing Kucoin gained traction. Most of his statements were BS, btw, and not addressing the concerns.
  • An alarming number of both the longs and shorts are being liquidated on the same minute/hour. Not sure if you noticed, but this happened several times in the last two month.
  • Remember, every single time you're doing leverage, you're betting against a CeX, a whale that is not subject to extensive regulatory oversight, has a history of "technical difficulties" and knows all of your positions. Casinos look at these practices and go "Now, that's just low".

So go on, make that 5x/20x/100x leverage play. Let us know how it works out for you.

submitted by /u/giddyup281
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