GDAX did not reverse any of the transactions that took place during the crash.
Ethereum price on Wednesday fell to as low as 10 cents on GDAX, one of the largest cryptocurrency exchanges.Ethereum briefly suffered a flash crash on the GDAX exchange on Wednesday.
GDAX to Compensate Customers Who Lost Money in ETH Flash Crash
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.This left investors in dismay (especially the ones who were margin trading at the exchange), and made a few traders very rich.
What was behind the Ethereum flash crash of 6/21/17? - Quora
crash – bcoinGDAX credits customer accounts effected by Ethereum flash. sell was placed on the GDAX ETH-USD.
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.
ETH Withdrawals not working? - GDAX - Coinbase CommunityA user name John DeMasie posted a screenshot of trade history around the time of the flash crash on StockTwits.The ensuing flood of sell orders temporarily drove down the price of ETH on GDAX.Bitcoin News: GDAX Exchange Sees Colossal ETH Flash Crash, Angered Traders Mount Lawsuit.A flash crash on the Coinbase-owned GDAX. a multimillion dollar market sell was placed on the GDAX ETH.
The badly designed ICO clogged up the network with a huge number of high gas fee transactions.
Will There Be Another Ethereum Flash Crash? - FOREX
ether - What caused the Ethereum flash crash on GDAX
GDAX credits customer accounts effected by Ethereum flashThe crash was the result of a person placing a multimillion dollar sell order at the market price.Approximately 800 stop loss orders were liquidated in the process.
Ethereum price on Wednesday fell to as low as. a multimillion dollar market sell was placed on the GDAX ETH-USD order.
Crash.Net (@CRASH_NET) | Twitter
Coinbase is reimbursing losses caused by the EthereumEasy to deposit funds with Coinbase wallet, bank transfer, wire transfer, or digital currency.The post GDAX Exchange Sees Colossal ETH Flash Crash, Angered Traders Mount Lawsuit appeared first on Bitcoin News.All the US stock exchanges are required to have a circuit breaker.It is in place to prevent panic selling on the stock exchanges and excessive volatility.US based digital asset exchange with trading FIX API and REST API.
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 book as a direct result.So someone placed a multi-million sell order on the exchange.We understand this event can be frustrating for our customers.
Ethereum (ETH) price, charts, market cap, and otherI believe creating a circuit breaker would actually open the door to even more market manipulation than it solves.
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.GDAX Will Compensate Customers Affected by Ethereum. order executed on the GDAX ETH-USD order book. the flash crash will be able to keep them, with GDAX.
GDAX To Credit Traders for Ethereum Flash Crash LossesGDAX is a sign of goodwill rather than an admission that it did something wrong.On June 21, 2017, a flash crash was triggered on the GDAX trading platform.
We have to accept volatility for access to the increase potential.GDAX Bails out Margin Traders Affected by Ethereum Flash Crash.The whole event could have been prevented by using a circuit breaker.
Comment on GDAX Exchange Sees Colossal ETH Flash CrashA map viewer depicting vehicle collisions in the state of Utah.
If GDAX had any kind of circuit breaker, in this case, it would have halted all ETH trading and give some time for the market to settle.Regulatory Tracker: Cryptocurrency Dominates Amidst Controversy.