Skip to main content

Coinbase to Reopen the GDAX Bitcoin Cash-Euro Order Book

BCH/EUR on GDAX

Coinbase to Reopen the GDAX Bitcoin Cash / Euro Order BookGDAX exchange, a subsidiary of San Francisco-headquartered Coinbase, has announced that it will open its BCH/EUR order book on Wednesday January 24 at 02:00 AM Pacific Standard Time (PST). This will allow its European users to gain access to bitcoin cash trading directly, without having to exchange their euros to BTC first and paying a commission twice.
As we previously reported, in December 2017 Coinbase was forced to halt bitcoin cash trading on both platforms soon after it started, botching the launch. Besides operational problems like an inability to handle all the traffic to specific BCH liquidity issues, the company was also accused by many clients of enabling insider trading. The GDAX BCH/BTC order book was restored only on January 17, exactly a week before the BCH/EUR.

Launch Sequence

Coinbase to Reopen the GDAX Bitcoin Cash / Euro Order BookIn order for the lunch to go more smoothly this time, GDAX will handle the process in a measured and gradual fashion. The exchange team said that the BCH/EUR market will open at first in ‘post-only’ mode for a minimum of ten minutes before entering ‘limit-only’ mode followed by ‘full trading’ mode.
The decision to move the market from one mode to another is made by the GDAX Market Operations team, taking into consideration factors such as order book liquidity and price volatility. Looking at the BCH/BTC order book relaunch for example, we can see it took 37 minutes to transition from the first mode to the second and another hour and 48 minutes to reach the final stage.

Comments

Post a Comment

Popular posts from this blog

Every Nigerian owes China N15,000 – Political analysts

by   Agunbiade Sanya   For the N3 trillion Nigeria has received from  China  in the last four years, every Nigerian owes China N15,000 in debt. That’s just N3,000 short of minimum wage,  Daily Trust  reports. The debt comes from two huge tranches of aid from China: $3.1 billion in 2014 and $6 billion for infrastructure in the last three years, according to political analyst Theophilus Abbah. Share Simple mathematics. Divide the combined total, just over N3 trillion, by the 198 million population Nigeria always talks about: that’s a nice N15,000 in debt to China for every Nigerian. And that doesn’t even include the loan agreement signed this week in Beijing where China pledged $60 billion in credit facilities, a quarter of it interest free. Analysts say getting governments indebted to China is the republic’s way of outsmarting the US and the UK in Africa trade https://lailasnews.com/every-nigerian-owes-china-n15000-political-analysts/
Post a Comment
Read more

Onecoin Offices Raided in Sofia, Servers Shut Down

50 People Questioned, No Arrests Servers, documents and other evidence have been confiscated from Onecoin and about 50 people have been questioned by investigators, according to the  official statement . No arrests have been reported so far. Bulgarian prosecutors, national security agents and members of the organized crime combating unit were involved in the joint operation. They acted on request from Germany, where Bulgarian-born “founder and visionary” of Onecoin, Ruja Ignatova, had been taken to court. “Onecoin” payments were banned in the Federal Republic and in 2016 the UK Financial Conduct Authority issued a warning about the company. The Ministry of Interior of Bulgaria released a video of the search in Onecoin’s building: In just three years, about three million people have subscribed for the educational packages offered by  Onecoin , Bulgarian prosecutors announced at a briefing on Friday. The company is suspected of commercial fraud, money laundering and illegal paymen
1 comment
Read more

EZeugo Is the Right Candidate For Idemili North Constituency.

A sound mind is a healthy body, unfortunately most of our people suffer from various diseases as a result of their life style,water the drink, type of food the eat (poor dieting) and drugs abuse which in return leads to many complications in the later stages of their lives. Majority of our people over the age of fourty  suffer from specific health problems E.g heart diseases, advanced diabetes, blood pressure (BP). In my view the issue of health is not limited to health services, health is a specific culture that can be attened by harmonizing body and mind. To reach this health conditions, in addition to a good healthy services, base on my background in Health and Environmental Safety (HES) I Ezeugo have a good health investment programs that will help improve following area - health education, Custom and traditions, food and environmental hygiene, sports, provisions of safe drinking water, public awareness in various aspects of life. Ezeugo have all it take to make Idemili bat
2 comments
Read more