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Monday, 26 June 2017

Those affected by flash crash with the ethereum will be compensated

There is much talk about what happened with the ethereum at the end of last week. As a result of an instant crash at the price of the virtual currency, which became a reality at 12:30 pm on June 21, the price of the ethereum fell momentarily from $296 to $0.10.
The good news is that the GDAX exchange, where the flash crisis with the ethereum happened, will recover the losses of all investors as a result of the momentary decline, whose positions have been closed due to a margin call.
From GDAX claim that they will establish a process of crediting the accounts of customers who have experienced a margin call or whose loss-limiting orders have been triggered as a result of the downward depreciation of the ethereum.
At the same time, they will leave the positions of those who bought the ethereum at low prices as a result of waiting orders.
What is the conclusion?
The momentary price depression definitely did not affect many investors, and there were not many those who benefited. Otherwise, hardly on the stock exchange they could afford to cover the losses at all.
Apparently GDAX has calculated that the value of the loss is tolerable because their initial comments were that customers would not be compensated.
Since the beginning of the year, the ethereum has risen by 3,700%.

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