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June 24, 2017 04:32 pm GMT
Earlier this week, GDAX, the digital currency exchange run by Coinbase experienced a flash crash in its USD – Ethereum market. Within seconds the price of ETH crashed from ~$320 to as low as $0.10. While the price recovered quickly, the rapid price movement caused many traders to experience margin calls or stop loss orders, resulting in potentially severe losses. While many initially… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/DnqUwhjN5SQ/
Coinbase is reimbursing losses caused by the Ethereum flash crash
Earlier this week, GDAX, the digital currency exchange run by Coinbase experienced a flash crash in its USD – Ethereum market. Within seconds the price of ETH crashed from ~$320 to as low as $0.10. While the price recovered quickly, the rapid price movement caused many traders to experience margin calls or stop loss orders, resulting in potentially severe losses. While many initially… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/DnqUwhjN5SQ/
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