According to TechFlow, Ivo Crnkovic-Rubsamen, Chief Strategy Officer and Head of Trading Technology at DYDX Exchange, said that the recent service outages at some of the world's largest centralized cryptocurrency exchanges were mainly caused by algorithmic trading companies. He explained that due to the large interest of retail investors and the fast price movement, all algorithmic trading companies are significantly increasing the speed at which they want to send orders to the matching engine and cancel them in order to maintain their positions. During very busy times, it is common for a trading company to have 20 times the order output and cancellation output.