Roughly $220M in liquidations driven by Kraken settlement with SEC

Crypto exchange Kraken will discontinue its staking services as part of a settlement with the SEC, according to a press release from the regulator on Feb. 9. The settlement triggered a sell-the-news event and caused panic in the crypto industry. This triggered mass liquidations, roughly $200 million worth of long and $20 million of short liquidations, the highest amount since mid-January. Liquidations: (Source: Coinglass)

The post Roughly $220M in liquidations driven by Kraken settlement with SEC appeared first on CryptoSlate.