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Kraken CEO defends crypto exchange after ETH price plunge on its platform

Kraken CEO defends crypto exchange after ETH price plunge on its platform

“Please don’t trade on leverage if you don’t understand the risks.” That’s what Kraken’s Jesse Powell said to one user upset in the aftermath of a significant price decline on the crypto exchange’s ETH/USD market. On Monday, as crypto markets whipsawed, the price of ETH on Kraken sharply fell to $700 – dislocating from the broader market.








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