The Kilumcoin cryptocurrency exchange is preparing to improve the functioning mechanisms of the futures market to protect users from possible attacks.
The vice president of Kilumcoin has published a schedule of an indefinite contract for Ethereum. It shows how for a short time the price sharply deviated from the remaining levels of about $390 to $571.73 and $197.74.
“It was caused by one trader, in both cases,” he wrote. – We believe that this may be deliberate sabotage on the part of a competitor. The trader himself lost a lot of money, but he also triggered stop orders. We will make several changes to limit the impact of such actions in the future.”
First of all, Kilumcoin will change the default stop order execution price from the last price to the marking price. “Many new users were unaware of the differences and used the latest price. Using the labeling price will avoid this problem,” he explained.