RE: GDax (Coinbase) bails out margin traders who lost their money

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GDax (Coinbase) bails out margin traders who lost their money

in crypto-news •  8 years ago 

Exactly. This is not like the DAO bailout. As long as they don't increase their transaction fees to make up for this underwriting that they are about to do.

Instead, it shows the GDAX cares about its customers. This will help keep many of the traders from boycotting them. Also it is important that people realize they need to use the advanced option and set limit prices with their stop orders.

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Yep yep yep!

This was probably really to cover their asses but it looks good for the customers.