As Bitcoin’s price started to tank on Sunday, the Deribit futures trading platform, which has been in the headlines recently for the wrong reasons, had a bout of unplanned downtime.
Many traders feel the timing was detrimental and left many at a disadvantage. The exchange explained that an internal system error forced them to restart all their nodes.Source link here For me, this is an unprofessional and disrespectful move by Deribit futures trading platform. As Bitcoin is tanking, things could get worse for those who are trading in this platform.
I have accounts in multiple exchanges, and most of them are announcing in advance about system or emergency maintenance in their respective platforms. I just don’t know why are they doing this to their users. I only knew that those platforms who does the same “unplanned” thing would only give them time to prepare to exit scam.
I’m not saying that Deribit futures trading platform will also do the same thing, but for me, it’s not good for business to do unplanned maintenance. It will only create frustration and anger to the users of this platform alone.
When this news came out, Bitcoin was around $6,700+ before climbing back now to $7,100+.