Deribit Pumps 500 BTC Into its Own REKT Insurance Fund

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/QoRggobpRCs/

Crypto New Media Press

It’s a wild ride out there as insane volatility catches both derivatives traders and exchanges off-guard. Not only did BitMEX suffer a “hardware” issue but Deribit also went down and saw its insurance fund get REKT. Instead of initiating socialized losses though, the Panama-based exchange will use 500 BTC from its own funds. Deribit Does […]

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