The Impact of Crypto Perpetual Liquidations on Asian Fintech Startups
Diving into the world of crypto can be like navigating a minefield, and the recent $90.7 million liquidation from crypto perpetuals is a reminder of just how treacherous it can be. For small fintech startups in Asia, these events pack a punch. The consequences are varied and significant. Let’s dissect the long-term impact of these liquidations on the startup scene, the risks they bring, and how companies can gear up to weather the storm.
The Basics of Crypto Perpetuals and Liquidations
What exactly are crypto perpetuals? They’re contracts that let traders hold onto leveraged positions for as long as they can meet margin requirements. But if they can’t? Liquidations happen, closing those positions automatically, usually sparked by sudden…
