Bitcoin hating Roubini claims BitMEX trades against clients to profit

19 Jul, 2019 | Updated: 19 Jul, 2019
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Bitcoin hating Roubini claims BitMEX trades against clients to profit

Bitcoin bashing economist and author Nouriel Roubini has stated that BitMEX trade against their clients to profit. 

Roubini recently took to Twitter to make the accusation, stating that “Insiders at BitMEX racket told me the internal trading group follows the order flow & bets against clients to liquidate them & profit from it”


The tweet also explains that BitMEX use overloads to liquidate clients too. BitMEX often sees overloads when Bitcoin has major moves, which would not be surprising if true. 

BitMEX is currently the most popular margin trading platform in the business and recently announced it had hit $1 trillion in trading volume over the past year. 

Nouriel and BitMEX CEO Arthur Hayes recently held a debate held in Taipei, and the recent Tweet is likely a retaliation to the debate, which saw a hot headed Nouriel go up against a calm Hayes. 

However, if BitMEX insiders are right and this is in fact true, it could bring to light some serious issues with the popular exchange and could have an adverse effect on business in the future if confirmed. 

NEW CRYPTO MERCH @ STACKING SATS! 

 

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