GDAX Bails out Margin Traders Affected by Ethereum Flash Crash.Global Digital Asset Exchange (GDAX) Vice President, Adam White, issued a follow-up statement regarding the multi-million dollar market sell order induced flash crash.
When the crash happened last week, lots of people initially thought it was due to something nefarious, but GDAX eventually said there was no wrongdoing or no instances of an account takeover.
ether - What caused the Ethereum flash crash on GDAXThe ensuing flood of sell orders temporarily drove down the price of ETH on GDAX.
crash – bcoin
GDAX Investigates ETH/USD Issues, Ethereum Network
ETH Withdrawals not working? - GDAX - Coinbase CommunityApproximately 800 stop loss orders were liquidated in the process.Digital asset exchange GDAX is moving to issue refunds after a stunning flash crash last week stoked anger amongst affected traders.The steep fall happened as a multimillion-dollar market sell was placed on the GDAX ETH.Buyers choose to liquidate automatically on a price of their choice to prevent further losses.
GDAX to Pay Back Customers After Ethereum Flash Crash. the steep fall on June 21 took place after a multimillion dollar market sell was placed on the GDAX ETH.
US based digital asset exchange with trading FIX API and REST API.After GDAX experienced a significant Ethereum flash crash two.
$0.10 ETH Flash Crash Aftermath and Moving Forward
Will There Be Another Ethereum Flash Crash? - FOREX
Ethereum price on Wednesday fell to as low as 10 cents on GDAX, one of the largest cryptocurrency exchanges.But because this sell order was so huge, it created a domino reaction all the way down the order book.Margin trading always carries a lot of risk and as traders we should never forget that.
I can almost guarantee that the whale who offloaded 100,000 ETH had a lot of buy limits set before.
CryptotalkAdam White, VP of GDAX, wrote a short blogpost soon after the flash crash.While the ICO was accepting payments in both Ethereum and Bitcoin, it later asked investors to pay only in Bitcoin and not Ethereum.
GDAX To Credit Traders for Ethereum Flash Crash Losses
The post GDAX Exchange Sees Colossal ETH Flash Crash, Angered Traders Mount Lawsuit appeared first on Bitcoin News.The GDAX Ether price crash losses are hard to swallow but they created opportunities for flash profits. Following the sudden crash, GDAX suspended ETH trading.Democrats Introduce Credit Freeze Bill In Response To Equifax Leak.On 21 June 2017 at 12:30pm PT, a multimillion dollar market sell was placed on the GDAX ETH-USD order book.The badly designed ICO clogged up the network with a huge number of high gas fee transactions.
GDAX Announces It Will Absorb Investor Losses From RecentEasy to deposit funds with Coinbase wallet, bank transfer, wire transfer, or digital currency.
White said the GDAX decided to temporarily halt trading of ETH-USD in response to the price movement,.Ant Financial Offers Face Scan Service For Package Pickup In China.
GDAX Announces It Will Absorb Investor - OpenRuby.com
Ethereum (ETH) price, charts, market cap, and otherMoreover, it now appears the GDAX exchange ad to halt ETH trading for quite some time. the platform also saw an ETH price flash crash last night.This left investors in dismay (especially the ones who were margin trading at the exchange), and made a few traders very rich.Problems at exchanges also contributed to the uncertainty, resulting in Ether price falling.
It just goes to show crypto market is still in its infancy stage, which is apparent by looking at 20x increase in daily trading volume since the start of 2017 without any fundamental change in market structures.
What was behind the Ethereum flash crash of 6/21/17? - Quora
Crash.Net (@CRASH_NET) | TwitterWe will establish a process to credit customer accounts which experienced a margin call or stop loss order executed on the GDAX ETH-USD order book as a direct result.
Why the GDAX Ether Flash Crash Isn’t Surprising, and What
The crash was the result of a person placing a multimillion dollar sell order at the market price.This is because we have people that have the capability to buy and sell the ENTIRE order book.On June 21, 2017, a flash crash was triggered on the GDAX trading platform.