Posts

Showing posts with the label financial_statements_fitness_for_purpose

kraken: failing to show amounts in orders view

Image
When a trading platform provides a report on orders to a custom, some things are important, like the quantities of each thing in the order.  You do not, ever, for any reason, omit part of the amounts and replace with an ellipsis.  Screenshot from Kraken: Taking the top line as an example, a seven-digit amount, three million and something EUR, has been represented as " 3,172,67...".  You can not be serious. Meanwhile, there is tons of free space in the pair column, saying "EUR/CHF" in the middle of a huge amount of whitespace.

bitstamp: lack of useful statements

I am currently liquidating some bitcoin, and about to liquidate a load more. I have to capture records for compliance. I quite like having decent records anyway. Bitstamp does not provide statements, and the records that one can extract from their service are not fit for purpose. I placed an order to sell a tranche of Bitcoin for over 1M fiats(2024). The order filled. Now to capture the record of the order. There is no orders view. The best i could find was an entry in a sort of log screen, showing everything from logins to order placements. It doesn’t show the order being filled, just placed, but it’s something. The CSV file is much too verbose, not showing useful totals (aggregates), and is not in a compliance-friendly visual format with logos etc. It also doesn’t have balances, at all. No, I’m not shitting you. To check balances, you have to capture them from the web screen, and then calculate them from a CSV of your entire account history. Bankers have told me that they have failed...