Bitcoin exchange rate coinbase complaints
We recommend buying and selling bitcoin and other cryptocurrencies via GDAX to save on fees. Coinbase is simple and instant but the consequence to that is higher fees. If you place a market order on GDAX then you are considered a taker. GDAX holds its digital assets in fully-insured online storage. This happened due to a multi-million dollar sell order on the exchange. But because this sell order was so huge, it created a domino reaction all the way down the order book. This flash crash created a big controversy in the crypto world.
All the investors that got liquidated were taking out their frustration on online forums. Three days later, GDAX released an official statement clearing suspicion of any foul play and stood by their trading engine, which they believe worked as intended during the event.
Approximately stop loss orders were liquidated in the process. In the aftermath of flash crash, GDAX released a second update on their blog, ensuring that they would compensate those who directly got affected as a result of the rapid price movement. This event really took a lot of people by surprise. No one really expected GDAX to return back the losses that occurred without any fault of their own.
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