Gdax repaying customers who lost on Ethereum

in #ethereum7 years ago

Incredible that Gdax posted on their blog that they would repay customers who had a stop loss during last week's crash.

They also confirmed that they would honour the buy orders that where in place at the time.

In my personal opinion this is a mistake. Good traders have stop losses to protect themselves. We also recognise that there is risk involved. If you are going to trade in anything you have to accept that there are risks. image

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Alright fair approach, reminds me of the big bitfinex scandal. Who wouldve thought they would come back.

this is very refreshing news and quite different from brokers (bookies!) Ive dealt with before like :) may the transfer of wealth continue - AYE SEE OH!

It certainly refreshing that they are doing this. I wonder what will happen next time. Watch this space for up dated terms and conditions.

I guess a bunch of people have come out very lucky from this one. I wonder what their total payouts were for this.