Etherium flash crash triggers stops and margin calls on GDAXBut GDAX is in the business of creating a market-place which according to its own terms of service prides itself in being as transparent and equitable as possible.
Traders for Ethereum Flash Crash Losses. rapidly drove down the price, combined with a new margin trading.
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Past performance is not necessarily indicative of future results.The ensuing flood of sell orders temporarily drove down the price of ETH on GDAX to as low. combined with a new margin trading system that the exchange had.Those trading on margin would prefer to make up the margin amount.
Coinbase has added margin trading to its bitcoin exchange
Coinbase Launches Margin Trading referring to GDAX forLitecoin Price Dips Again As GDAX Hype Dies Down. the Litecoin community will rejoice at the news GDAX has added LTC trading.Hello everyone, I just bought some Litecoins with Margin Trading. 10 seconds after the buy my my order just sold for a very low price and my money disappeared Can.Coinbase is already in court over a non-exchange related, but crypto-currency related issue around fraud, and additional scrutiny would be unwelcome.
Just like a standard order on GDAX, a margin order consists of an order type, size.US based digital asset exchange with trading FIX API and REST API.After all, which regulated exchange would want to have it known their price could be manipulated lower by over 99%.A large sale order on the GDAX exchange earlier this week caused the price.GDAX exchange reimburses customers affected by Ethereum. stop loss and margin.But Wednesday the 21st 2017, demonstrates how these systems when ill-applied can be manipulated and cause chaos.To be fair, I may have pressed Enter thrice wondering if the site was loading or not.It is assumed that the seller knew that there would be slippage in the order book and that several stop-losses would be triggered.
It took only a few seconds for the price of Ethereum, one of the hottest cryptocurrencies out there next to Bitcoin, to plummet from $319 all the way down to $0.10 on...
How Bad Is Margin Trading In China? - Forbes
Coinbase StatusGDAX, has an update on the issue via twitter ( link ) which posted around 4pm and should be read before you continue reading the below.
Coinbase Adds Margin Trading on Bitcoin, Ethereum and
ether - What caused the Ethereum flash crash on GDAXA few other U.S. digital currency exchanges, including Kraken, offer margin trading.Our matching engine operated as intended throughout this event and trading with advanced features like margin always.
Coinbase launches GDAX trading margin for institutionalMarket depth gives one a clue as to what sort of volumes are required to achieve a certain price point.
GDAX – The Merkle
Coinbase is reimbursing losses caused by. which further drives down the price.Coinbase Adds Margin Trading on Bitcoin, Ethereum and Litecoin to GDAX. wallet and exchange Coinbase has added margin trading on GDAX,.This is not particularly sophisticated, in the trading sense, in comparison to mature margin trading philosophies which allow the trader to intervene in some way before and open-market-order is placed.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.GDAX allows for API based trades to take place, so was this order placed on the web-app or through other means.
GDAX celebrates the launch as a huge step towards a more transparent and fair market and sets no fees for margin trading.However, stop-losses and margin calls, automatically triggered, led to their entire order-book being matched and the price of ETH-USD driven down to 10 cents.If one experiences real-time-data blackouts and log-in issues, who has access to better information.The price froze at 338.01. Was this a glitch, only on the API Data or, on the exchange as well.
One also wonders why such a large order be allowed in the first place.The primary risk associated with margin trading is the ability to lose a substantial amount of money in.