Recalling the tragedy of May 19, | exchanges went down one after another. FTX founder SBF revealed that the clearing rate of FTX contracts was only 2%

While major exchanges Binance, Coinbase, Gemini, Kucoin and even crypto bank Revolut suffered outages during the 5/19 crypto market crash, FTX appears to be running smoothly again, with very low overall overcrowding.

Outages on major exchanges were rumored

Currency Ann Binance

Binance 与 Coinbase 在 5/ 19 晚间的停机报告激增，检测网站 DownDetectorIt showed that users responded with hundreds of questions that night.

You can see a big increase in returns after 9pm. Problems include login, the site itself, and money. The currency onlyThe announcementSuspend Ethereum and ERC20 gold production.

CoinMarketCap, a cryptographic data platform owned by Binance, also showed a gateway error and could not be accessed.

Coinbase

Coinbase, for its part, tweeted that it was working to resolve the issue after users were known to be unable to log in, check their asset balances, and make transactions.

Although TikTok rose to the first place in the US App Store, its share price fell below $200 (208.44) on May 19 in the face of a series of declines in the currency market and the shutdown of the exchange.

Gemini, Kucoin and Revolut also have spots

Cryptoasset bank Revolut said that night after users said they could not buy cryptocurrencies,replyThere are problems with related functions, and we are actively fixing them.

KuCoin alsosuspended了 ERC20 提现，同时 App 也出现访问中断问题；尽管没有任何公告，英国独立报 (The Independent) trackingGemini also went down, and many users complained in the comments section.

在推特超过 18 万人追踪的 Mr. Whale（巨鲸先生）整理了一份当机名单，包括 Coinbase、Bitfinex、币安、Kraken 都榜上有名。

SBF printing? The liquidation rate is just 2%

FTX founder SBF in the evening of 5/19releaseThe market cleared $8 billion in just an hour, but perhaps the highlight he wanted to highlight was the very low clearing rate on the FTX.

According to encrypted data platformSkewThe FTX accounted for 5.8% of the $14 billion trading volume, while the clearing rate was 2%.

Huobi, which ranks first, accounted for 17.01% of its trading volume, but its liquidation rate was more than twice as high as 37.52%.

Its main rival, Binance, had a 33.6 percent turnover and a 37.52 percent clearing rate.

In addition, FTX also did not have a shutdown problem this time, Longxin Dayue's SBFTurn to pushIn a number of user tweets, users said that the same token had opened contracts on Binance, but that the position had been liquidated.

Sam Trabucco, a researcher at Alameda Research, puts it simplyAnalysis of theAside from vague regulatory rumours emanating from China, it is more likely that a natural correction will be the cause of the market crash, with the result of excessive leverage leading to massive liquidation.

The previous 4/18crashSam has also highlighted the phenomenon of excessive leverage leading to mass liquidation, he saidPointed out that: What I will never understand is why everyone is so convinced that bitcoin's $60,000 rise is driven by the spot market.

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