Gate BEN Market Logs 92 Liquidations After Scheduled Dividend Adjustment
Gate’s BENUSDT perpetual market logged 92 liquidation orders in the 65 seconds after a scheduled stock-dividend adjustment on Sept. 30. Gate had announced on Sept. 28 that BENUSDT would carry a $0.33 Franklin Resources dividend adjustment payable at 4...
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BENUSDT traders and other market participants would notice the liquidation burst immediately, because 92 liquidation orders appeared in a 65-second window after the scheduled adjustment on Sept. 30. Anyone using the BENUSDT perpetual market also faced the earlier Sept. 28 dividend notice that set a $0.33 Franklin Resources adjustment for the contract.
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