#binance #hype #zec #near
21/10/25 03:52 UTC-04

OKX Reports 3ms Order Execution Speed During Crypto Market Crash

Cryptocurrency exchange OKX released data on the stability of its trading infrastructure during the sharp market drop on October 11. According to a company representative, the median order execution time during peak volatility was 3 milliseconds, with the system operating without interruptions.

“Confidence isn’t built in calm markets. It is proven in chaos. Our system remains completely reliable: median order delay — 3 ms, zero downtime, everything runs smoothly. Volatility shows what everyone is really worth. We are made for these moments,” OKX wrote on its X account (formerly Twitter), which is blocked in Russia.

According to OKX, users did not experience unfilled orders or distorted quotes during the turbulent market period, and trading operations continued as normal.

Analytical resource CoinGlass estimated that October 11 marked one of the largest crypto market crashes in history: over $19 billion in liquidations occurred in a single day, while the sector’s total market capitalization fell by nearly $660 billion.

The sell-off was triggered by US President Donald Trump’s announcement of 100% tariffs on Chinese goods, which sparked renewed concerns over a slowdown in global trade and led to massive sales of risk assets, including cryptocurrencies.

Alongside macroeconomic factors, the market faced infrastructure issues. Users of the largest exchange, Binance, reported incorrect price displays for several altcoins, including IoTeX (IOTX), Cosmos (ATOM), and Enjin (ENJ). Binance later acknowledged a bug that temporarily displayed prices near zero.

Some experts link the market crash to vulnerabilities in Binance’s price oracle, which used internal spot data for USDe, wBETH, and BnSOL tokens. Preliminary reports indicate the incident occurred during a system upgrade to a new oracle. A sharp drop in USDe prices after a ~$60 million sale caused it to deviate from $1 to $0.65, triggering a cascade of liquidations across related assets.

Following the incident, Binance announced a $300 million compensation program, a $100 million fund for institutional clients and ecosystem projects, and $283 million in payouts to users who suffered losses from the collapse of USDe, wBETH, and BnSOL tokens.

See also: "Samsung and Coinbase launch crypto service for Galaxy smartphone owners"

#OKX #Сrypto market Сrash

Editor: Alyona Nabok
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