In a recent blog post, GDAX, Coinbase’s exchange, announced:

“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 of the rapid price movement at 12.30pm PT on June 21, 2017. This process will allow affected customers to restore the value of their ETH-USD account to the equivalent value of their ETH-USD account at the moment prior to the rapid price movement. To clarify:

  • For customers who had buy orders filled — we are honoring all executed orders and no trades will be reversed.
  • For affected customers who had margin calls or stop loss orders executed — we are crediting you using company funds.”

That is great news to those who may have inadvertently lost positioning due to the recent ETH crash.

Read the full blog article here.

Click here to obtain Bitcoin, Etherium, or Litecoin from Coinbase.

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