Multiple factors converged: Yearn Finance’s yETH pool incident triggered DeFi concerns, while Japanese yields hit 2008 highs, strengthening the yen and liquidating leveraged crypto positions. XRP dropped 7% to $1.80 despite institutional growth.
Key takeaway for exchanges: Market volatility highlights why robust crypto exchange development matters. Platforms need real-time risk management, circuit breakers, and liquidity depth. Development firms like Bitdeal build exchanges with advanced monitoring systems that protect users during sudden market swings, essential infrastructure for institutional trust.
Visit - https://www.bitdeal.net/cryptocurrency-exchange-development
