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HSCLifeRules# - Nicholas Lo (
@nic_web3), Chief Business Officer at
@Bitbase_Ex, HSC Asset Management Singapore, October 8
We have seen what shared margin does inside the industry: one pair or one asset collapsed, and it caused around twenty billion in liquidations. Crypto is not just crypto anymore. Within an exchange it ties to stocks and commodities. In one single account, people hold positions across multiple assets and multiple time zones
That liquidation caused some mess, but we did all right. If a similar situation happens again, it will not be just a crypto problem. My biggest concern is whether we have enough infrastructure to handle it, because we are living in a more sensitive and more integrated world
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HSCSingapore#