2018-7-3 22:16 |
Major crypto exchange Kraken has issued a scathing response to a recent Bloomberg article about stable cryptocurrency Tether (USDT) allegedly “defying logic” on Kraken’s platform.
The article in question, titled “Crypto coin Tether defies logic on Kraken’s market, raising red flags,” was published on Bloomberg June 29, with comments and analysis from several academics and Andrew Rennhack, a former professional poker player.
Bloomberg’s article also pointed out “oddly specific order sizes,” citing 13,076.389 USDT as the third-most-common trade on Kraken during the period of writing.
According to the news outlet, these trades “could be signals to cheaters’ automated trading programs.” In turn, Kraken claims to have spoken to the trader responsible for these specific orders.
Kraken is currently the 16th largest crypto exchange in the world by daily trade volumes, seeing about $101 million in trades over the past 24 hours to press time, according to data from CoinMarketCap.
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