Hello friends I am Sanjay a passionate crypto trader from India. In this post , I will have go deep in to the matter and find some serious flaws in binance terms and regulations .In normal market fluctuations they does not matter but in a crash like this ,they matter heavily.Lets find out

• A sudden announcement by trump ( 100% tariff on Chinese imports), triggered a shock wave in the market .The market saw more than 19 billion $ of liquidation in a very short span of time
• On Binance some assets  ( like USDe ,BNSOL and wBETH) have lost their stable value ( USDe drops to .65$) . That de pegging further triggered  forced liquidation on Binance and some other exchanges
• Binance has acknowledge this internal abnormal pricing & said they cover user losses (283 M $ in first batch) and also review their risk control.OK lets see
• This show even large exchanges can have system faults under stress (valuations,oracles and pricing etc). Now its a serious matter
• for simple understanding ,trusted coins like Litecoin drops from 123$ to 53$ means 57% decrease in just 1 hour.What is it ,a common trader like you and me just washed out in minutes

Now what we can do from our side to prevent us from a collateral damage like this

• Always take spot trades with stop loss. Never ever skip this golden rule .And when market starts to fall ,never ever remove that stop loss in fear
• If you like margin trading ,always use isolated mode .After taking the position ,keep an eye on margin ratio that should be more than 2 otherwise add margin to your current position .This helps to close your position easily
• If you trade futures then keep leverage as low as possible like 2X ,3X, not more than that because Binance says your stop loss should not be close to your liquidation price. think twice
• In some market orders there are 2 boxes to fill for one stop loss ,one is trigger and other is limit . So for a long position, put some gap between them (2-3 %) .For example, if your buy price is 100 then your trigger should be 95 and your limit should be 92.15. In this scenario ,when price goes down ,then your stop loss will activate at 95 but actually executes at 92.15 .The main benefit is,now system has enough time to execute your stop loss and you will be in safer side
• While scrolling Binance rule-book ,I have found this ,Binance says that if market moves too quickly ,there is no guarantee to fill your stop loss because there might not be enough time to fill the orders. We still encourage you to monitor the order for your own responsibility . This shattered me badly

Conclusion: As a market leader Binance, I request you to look into this matter very seriously and act responsibly .I am saying this on  behalf of your 29.42 Crore traders ,who trust you blindly . And if that trust has gone, then what will happen, I have no words because trust is priceless.