GDAX Investigates ETH/USD Issues, Ethereum NetworkCoinbase is already in court over a non-exchange related, but crypto-currency related issue around fraud, and additional scrutiny would be unwelcome.If one wants to buy and hold onto a crypto-currency, or send and receive payments in it, one uses Coinbase.Finally, one should remember that the same issue occurred on the LTC-USD order-book two months ago.Once the issue was reported, GDAX halted all margin funding for this pair.As it currently stands, there is nothing preventing another crash from occurring again.Does anyone know when GDAX plans to re-enable margin trading.
The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you.GDAX Bails out Margin Traders Affected by Ethereum Flash Crash.Optimus Futures, LLC is not affiliated with nor does it endorse any trading system, methodologies, newsletter or other similar service.If one experiences real-time-data blackouts and log-in issues, who has access to better information.GDAX is taking the unusual measure of crediting back certain customers.The use of leverage can lead to large losses as well as gains.
The cryptocurrency exchange also has margin trading as an additional feature for.Litecoin Price Dips Again As GDAX Hype Dies Down. the Litecoin community will rejoice at the news GDAX has added LTC trading.How were so many individuals margin trading on GDAX. ask such questions on Reddit. with margin trading and the coin went down by.Ethereum price on Wednesday fell to as low as 10 cents on GDAX,. (especially the ones who were margin trading at the exchange),.
Rolling back trades an admitting an unforeseeable mea culpa without admitting a technical glitch would be well received by the aggrieved trading community but would tarnish their image in the eyes of institutions, since order-book integrity is sacrosanct.
It makes sense because in the world of computers, code, and wireless communications, where information flows rapidly and at massive scale, correctly envisioned and robust systems, can be automated and streamlined.We will establish a process to credit customer accounts which experienced a margin call or stop loss order executed on the GDAX ETH-USD order.
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My sense is the same solution would be applied in this case as well, but it is unclear.GDAX offers margin trading. buy side indicates a down-tick because the maker was a buy order and their order was removed.If so, did they model the amount of slippage in the order book.
GDAX, the cryptocurrency exchange run by Coinbase, has added margin trading to the platform.But Wednesday the 21st 2017, demonstrates how these systems when ill-applied can be manipulated and cause chaos.
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These are circumstances that the average trader on GDAX would expect and perhaps even relish.And this is a problem because it will lead to a crisis of faith.
After all, which regulated exchange would want to have it known their price could be manipulated lower by over 99%.Coinbase is reimbursing losses caused by the. a margin funding extermination is. which further drives down the price.
DISCLAIMER: The above information was drawn from sources believed to be reliable.In other words, it is assumed that the seller knew what it was doing.