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Binance Pledges New Controls After 99% 'Flash Crash' in Polkadot Futures

A single large sell order appears to have sent prices for trading contracts on polkadot tumbling from about $33 to 25 cents in less than a minute.

Updated Mar 6, 2023, 3:19 p.m. Published Mar 5, 2021, 1:53 p.m.
Chart showing the "flash crash" in Binance's perpetual futures contracts on the digital token polkadot.
Chart showing the "flash crash" in Binance's perpetual futures contracts on the digital token polkadot.