Changpeng Zhao (CZ), CEO of Binance, said that there is a crypto exchange that may be using poor standards in its trading platform.
CZ recount his 6.8 million Twitter followers that he recently learned of the term “fright,” which refers to a lag on trading platforms between when an order is placed and when it is executed.
Sometimes, while one command is being delayed, other commands are able to jump the queue and run them first, although it’s unclear if this is intentional or not.
“I just learned a new word, jitters. On one particular exchange, sometimes your orders will get stuck for a bit, and a few more orders will be ahead of you. Apparently, it happens often enough on this exchange that traders have invented a term for it, nervousness.(Front operation)
I then asked a few VIP traders, they all knew. You can’t hide bad behavior.
According to CZ, the phenomenon is well known, but the crypto billionaire did not specify which exchange is guilty of this.
“You all knew and you didn’t say anything. We have to fight bad players.
Earlier this month, CZ said that the current bear market currently presents some of the best opportunities crypto bulls can find. The CEO highlighted how Binance’s investments during the last bear market turned out “fantastically well” four years later.
“It really is the best time to invest in the industry. We did it four years ago during the bottom of the bear market, the last cycle. It worked wonderfully well.
We invested a few hundred million dollars… and now our portfolio is [worth] $7 billion. So it’s one of the best performing funds of all time, I think.
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