Ivo Crnkovic-Rubsamen, chief strategy officer and head of trading technology at DYDX, said that the recent service outages on Binance and Coinbase were mainly caused by algorithmic trading companies. He pointed out that due to the increased interest in retail investors and the rapid changes in price trends, All algorithmic trading firms are significantly increasing order placement rates and canceling orders, resulting in an approximately 20-fold increase in the number of trading orders. It is reported that some of the world’s leading exchanges, including Binance, Coinbase, Kraken and Bybit, encountered technical problems last week. (Cointelgraph)