Roughly $220M in liquidations driven by Kraken settlement with SEC

• Crypto speech Kraken volition discontinue its staking services arsenic portion of a colony with the SEC, according to a property merchandise from the regulator on Feb. 9.
• The colony triggered a sell-the-news lawsuit and caused panic successful the crypto industry.
• This triggered wide liquidations, astir $200 cardinal worthy of agelong and $20 cardinal of abbreviated liquidations, the highest magnitude since mid-January.

Liquidations: (Source: Coinglass)

The station Roughly $220M successful liquidations driven by Kraken colony with SEC appeared archetypal connected CryptoSlate.