Cryptocurrency exchange to credit traders for ethereum ‘flash crash’

Cryptocurrency exchange to credit traders for ethereum 'flash crash' - CNBC  #Crypto #BitCoin

  • Some traders who lost money in this week’s ethereum “flash crash” are going to be credited for their losses, the GDAX cryptocurrency exchange announced on Friday.
  • In a blog post on Friday, vice president Adam White said the exchange was “confident all trades this week were executed properly, however, some customers did not receive the quality of service we strive to provide and we want to do better.”
  • Therefore, the GDAX will create a process to credit customer accounts which experienced a margin call or stop loss order as a result of that crash, he said.
  • However, White noted that the exchange will honor all buy orders filled during that time.
  • “We view this as an opportunity to demonstrate our long-term commitment to our customers and belief in the future of this industry,” White said.

The GDAX is “confident” traders were executed properly, however, some customers did not receive the quality of service it strives to provide, its VP said.
Continue reading “Cryptocurrency exchange to credit traders for ethereum ‘flash crash’”

Cryptocurrency exchange to credit traders for ethereum ‘flash crash’

  • Some traders who lost money in this week’s ethereum “flash crash” are going to be credited for their losses, the GDAX cryptocurrency exchange announced on Friday.
  • In a blog post on Friday, vice president Adam White said the exchange was “confident all trades this week were executed properly, however, some customers did not receive the quality of service we strive to provide and we want to do better.”
  • Therefore, the GDAX will create a process to credit customer accounts which experienced a margin call or stop loss order as a result of that crash, he said.
  • However, White noted that the exchange will honor all buy orders filled during that time.
  • “We view this as an opportunity to demonstrate our long-term commitment to our customers and belief in the future of this industry,” White said.

The GDAX is “confident” traders were executed properly, however, some customers did not receive the quality of service it strives to provide, its VP said.
Continue reading “Cryptocurrency exchange to credit traders for ethereum ‘flash crash’”

Scotland to Start Own Stock Exchange Using Blockchain Technology

  • Exchange will use distributed ledger technology for clearing
  • Scotland may get its own stock exchange using the latest, if unproven, technology to underpin the system.
  • Scotland to Start Own Stock Exchange Using Blockchain Technology
  • Scotex would be the country’s first independent stock exchange since 1973.
  • Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Scotland may get its own stock exchange using the latest, if unproven, technology to underpin the system.
Continue reading “Scotland to Start Own Stock Exchange Using Blockchain Technology”