Cryptocurrency traders also lack some of the hardware advantages HFTs implement in traditional markets, such as field-programmable gate arrays FPGAs. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. At the time, the exchange cited its prioritization of other institutional services. Since , over 20, small flash crashes have been recorded, or an average of 12 flash crashes per day. The issue with HFT, as explained by Lewis, is that in a market where some players can perform trades hundreds of times faster than ordinary users, they get an unfair advantage and leave ordinary, non-algorithmic traders with inferior price options. Notably, none of these exchanges charges for the service, seeing it as a way to differentiate themselves.