TechFlow News — Ivo Crnkovic-Rubsamen, Chief Strategy Officer and Head of Trading Technology at the DYDX exchange, said in an interview that recent service outages at some of the world's largest centralized cryptocurrency exchanges were primarily caused by algorithmic trading firms.
"With such high retail interest and rapid price movements, all algorithmic trading firms are significantly increasing the speed at which they send and cancel orders to the matching engines in order to maintain their positions... During peak times, it's common for a single trading firm's order throughput and cancellation rates to increase by up to 20 times," he said.
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