Lower leverage as positions grow

Share via:


Bybit CEO Ben Zhou commented on a recent $4 million loss suffered by decentralized exchange (DEX) Hyperliquid due to an Ether whale’s high-leverage trade, noting that centralized exchanges (CEXs) face similar challenges.

On March 12, a crypto investor walked away with $1.8 million and forced the Hyperliquidity Pool (HLP) to bear a $4 million loss after a trade that used leverage on the Hyperliquid decentralized exchange (DEX). 

The trader used about 50x leverage to turn $10 million into a $270 million Ether (ETH) long position. However, the trader…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Lower leverage as positions grow


Bybit CEO Ben Zhou commented on a recent $4 million loss suffered by decentralized exchange (DEX) Hyperliquid due to an Ether whale’s high-leverage trade, noting that centralized exchanges (CEXs) face similar challenges.

On March 12, a crypto investor walked away with $1.8 million and forced the Hyperliquidity Pool (HLP) to bear a $4 million loss after a trade that used leverage on the Hyperliquid decentralized exchange (DEX). 

The trader used about 50x leverage to turn $10 million into a $270 million Ether (ETH) long position. However, the trader…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

drone startups: Drone dreams need more thrust

India’s drone industry may be gearing up for...

Ashwini Vaishnaw: Lok Sabha debate recordings to be available...

Lok Sabha debate recordings will be made available...

EOS Network rebrands to Vaulta in shift to Web3...

The EOS Network, a blockchain that launched in...

Popular

Upcoming Events

Rapido in talks to challenge Swiggy and Zomato in...

Ride-hailing app Rapido is in discussions with restaurateurs...

Trump fires FTC commissioners, setting up a legal battle

President Trump fired the two Democratic members of...

Lav Kumar Launches Wealth Management Fintech MFONLINE

New Delhi , March 19: In the fast-evolving...
ERQW DAS VBXZC ERQW DAS VBXZC ERQW DAS VBXZC ERQW DAS VBXZC