Review – Pros and Cons of Trading at GDAX

Coinbase Launches Margin Trading on GDAX for Institutional Traders

Coinbase Launches Margin Trading on GDAX for Institutional Traders submitted by e-ok to Bitcoin [link] [comments]

Question about margin trading on GDAX

AFAIK all I have to do is 'confirm' that I match one of the descriptions listed by GDAX to become eligible for margin trading, obviously, along with 99% of all other users I don't meet any of these criteria. Suppose I were to 'accidentally' click on one of these, would there be repercussions?
submitted by donkeypunter420 to CoinBase [link] [comments]

Coinbase Launches Margin Trading on GDAX for Institutional Traders

Coinbase Launches Margin Trading on GDAX for Institutional Traders submitted by CryptoCurrencyNews to CryptoCurrency [link] [comments]

Coinbase Launches Margin Trading on GDAX for Institutional Traders

This is an automatic summary, original reduced by 64%.
Coinbase announced on Monday the launch of margin trading on its digital currency exchange platform, GDAX, tailored for professional traders and institutional clients.
He then described how "The only exchanges these institutional traders are going to go to are the ones like GDAX that are based in the U.S., with an impeccable record, the trusted and secure exchanges that meet these regulatory requirements", Forbes reported.
Margin Trading on GDAX. In addition to operating in Europe, the UK, Canada, Australia and Singapore, GDAX is available in U.S. states "Where Coinbase is either licensed to engage in money transmission, where it has determined that no such license is currently required, or where licenses are not yet being issued with respect to Coinbase's business", according to the company's website.
To access margin trading on GDAX, a customer has to be an Eligible Contract Participant, "As defined in Section 1a(18) of the Commodity Exchange Act and applicable regulations thereunder", Coinbase explains.
While GDAX is tailored to institutional investors, it is not the only bitcoin exchange offering margin trading, however.
What do you think of Coinbase offering margin trading? Let us know in the comments section below.
Summary Source | FAQ | Theory | Feedback | Top five keywords: trade#1 exchange#2 GDAX#3 US#4 margin#5
Post found in /btc, /Bitcoin, /CryptoCurrency and /BitcoinAll.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Coinbase Launches Margin Trading on GDAX for Institutional Traders

Coinbase Launches Margin Trading on GDAX for Institutional Traders submitted by e-ok to btc [link] [comments]

Coinbase Launches Margin Trading on GDAX for Institutional Traders

Coinbase Launches Margin Trading on GDAX for Institutional Traders submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Activating margin trading on GDAX?

I'm trying to activate margin trading on GDAX, but I can't seem to register the click on "Accept and Continue" when the prompt comes up. Is this intentional, i.e. I'm missing some qualification, or rather a bug?
submitted by master_axe to CoinBase [link] [comments]

Can I margin trade on GDAX without being a licensed trader or worth $10mil?

When I click the margin trade button I do not fit any of the categories that pop up. I am asking this because I would like to short ETH. Any advice?
submitted by Dunkin123 to BitcoinMarkets [link] [comments]

Can I margin trade on GDAX without being a licensed trader or worth $10mil? /r/BitcoinMarkets

Can I margin trade on GDAX without being a licensed trader or worth $10mil? /BitcoinMarkets submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Can I margin trade BCH on GDAX?

I have some magic internet money from the fork. I would like to margin trade the BCH. I already have a coinbase account, can I margin trade on GDAX? I've been playing around with it the last 15 minutes and can't figure out how to do it. I use to play around with margin trading BTC on bitfinex and figured that out just fine but this is alluding me. Thanks.
submitted by Spaceman_Spliff to BitcoinMarkets [link] [comments]

GDAX just raped me out of $10,000

I honestly can't believe this bs. Instead of making thousands, GDAX bull platform lost me my whole account 10k+.
I had an automatic trade to buy 30 ether at 293. (Margin trading on GDAX; Coinbase trading platform)
Just came back to my computer and see that my trade triggered and then I got margin called on the whole trade because the price of Ether dropped to less than 30 dollars? WTF?!
This GOD DAMN margin call liquidated my whole account to pay off the damage. And now the price is over 300? Are you fuckin kidding me GDAX.
Did this bs happen to anyone else? And what can we do about it?
submitted by DontchawantaSanta to CoinBase [link] [comments]

Anyone else wish they ignored margin trading warnings?

I wish I'd joined everyone else who ignored the warnings, lied about 5M capital / being a professional trader and started margin trading on GDAX. If I'd known they were going to eat my first big loss, I'd totally be there. Often the honest responsible people get the short end of the stick.
submitted by braden87 to ethtrader [link] [comments]

Coinbase. You having a little issue with Ether trading volume?

HAHAHAH. Fuck em. I have watched GDAX charts non-stop day and night for the past 2 months. Never have I seen a lower trading volume.
Used to average around 250k-350k Ether (24-hour trading volume). Now it's dropping below 90k.
Eat shit GDAX and your garbage trading platform. This isn't the first flash crash GDAX has had that resulted in tons of people losing money and I'm damn sure it's not the last.
If you are margin-trading on GDAX, gtfo now while you still have something. Polo also offers margin-trading for US citizens.
submitted by DontchawantaSanta to CoinBase [link] [comments]

Margin trading now on GDAX

Margin trading now on GDAX submitted by gredol to Bitcoin [link] [comments]

Using Coinbase ACH buying does not work as poor-man`s margin trading

For all those too poor (<5M) to margin trade on Gdax, when we you have a big swing in price you might be tempted to just buy using ACH on coinbase and then wire the profit back from GDAX.
Unforunately when the prices fluctuates a lot you dont get a good rate on Coinbase. There is high fee`s and it takes a week to deliver the coin. If you then wire back from GDAX there is probably also fees.
Doesnt make sense unless the price dropped more than $20 USD. Don`t be me :-)
submitted by MyLifeForTheCommandr to ethtrader [link] [comments]

Question regarding margin trading and the GDAX flash crash from yesterday.

I've never margin traded on GDAX but am curious about one thing. If GDAX liquidated all those long positions for well below market price, and the funds recuperated were not enough to cover the amount loaned, does that mean the person who got liquidated on margin now owes GDAX money?
submitted by Zand_ to ethtrader [link] [comments]

Margin trading now on GDAX

Margin trading now on GDAX submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Margin trading and stop orders on GDAX

Hi everyone, I have two questions about GDAX:
I wanted to activate margin trading on ETH/EUR, but I mistakenly activated it on BTC/EUR. After realizing my mistake and deactivating it, I won't let me active the margin trading on ETH/EUR, even though I could do it before. It tells me "Margin trading is currently not available for this product.", however it lets me activate it back on BTC/EUR. Did that happen to anyone?
Second, I think I misunderstood GDAX stop orders. I set a sell order at 208 €, but it filled at 205 €. Thankfully it was a only 0.01 ETH to test, but isn't the entire point of a stop order to only trigger past the stop price? Why did it sell my ETH way lower than the stop price I fixed?
submitted by Bibibis to ethtrader [link] [comments]

For those who have margin trading active on GDAX...

Did ya'll just lie on the eligibility form, and assume the legal liability falls on Coinbase/GDAX instead of you? The requirements to trade on margin look pretty steep, unless I'm missing something.
submitted by BotBot22 to ethtrader [link] [comments]

Thoughts on current ICO situation and GDAX / Margin trading

Thoughts on current ICO situation and GDAX / Margin trading submitted by rahm93 to ethtrader [link] [comments]

Can I margin trade BCH on GDAX? /r/BitcoinMarkets

Can I margin trade BCH on GDAX? /BitcoinMarkets submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?

Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?
Can the early success of major crypto exchanges propel them to winning the broader consumer finance market?
This is the first part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
While crypto allows the world to get rid of banks, a bank will still very much be necessary for this powerful technology to reach the masses. We believe a crypto-native company, like Genesis Block, will become the bank of the future.
In an earlier series, Crypto-Powered, we laid out arguments for why crypto-native companies have a huge edge in the market. When you consider both the broad spectrum of financial use-cases and the enormous value unlocked through these DeFi protocols, you can see just how big of an unfair advantage blockchain tech becomes for companies who truly understand and leverage it. Traditional banks and fintech unicorns simply won’t be able to keep up.
The power players of consumer finance in the 21st century will be crypto-native companies who build with blockchain technology at their core.
The crypto landscape is still nascent. We’re still very much in the fragmented, unbundled phase of the industry lifecycle. Beyond what Genesis Block is doing, there are signs of other companies slowly starting to bundle financial services into what could be an all-in-one bank replacement.
So the key question that this series hopes to answer:
Which crypto-native company will successfully become the bank of the future?
We obviously think Genesis Block is well-positioned to win. But we certainly aren’t the only game in town. In this series, we’ll be doing an analysis of who is most capable of thwarting our efforts. We’ll look at categories like crypto exchanges, crypto wallets, centralized lending & borrowing services, and crypto debit card companies. Each category will have its own dedicated post.
Today we’re analyzing big crypto exchanges. The two companies we’ll focus on today are Coinbase (biggest American exchange) and Binance (biggest global exchange). They are the top two exchanges in terms of Bitcoin trading volume. They are in pole position to winning this market — they have a huge existing userbase and strong financial resources.
Will Coinbase or Binance become the bank of the future? Can their early success propel them to winning the broader consumer finance market? Is their growth too far ahead for anyone else to catch up? Let’s dive in.


The most formidable exchange on the global stage is Binance (Crunchbase). All signs suggest they have significantly more users and a stronger balance sheet than Coinbase. No other exchange is executing as aggressively and relentlessly as Binance is. The cadence at which they are shipping and launching new products is nothing short of impressive. As Tushar Jain from Multicoin argues, Binance is Blitzscaling.
Here are some of the products that they’ve launched in the last 18 months. Only a few are announced but still pre-launch.
Binance is well-positioned to become the crypto-powered, all-in-one, bundled solution for financial services. They already have so many of the pieces. But the key question is:
Can they create a cohesive & united product experience?

Binance Weaknesses

Binance is strong, but they do have a few major weaknesses that could slow them down.
  1. Traders & Speculators Binance is currently very geared for speculators, traders, and financial professionals. Their bread-and-butter is trading (spot, margin, options, futures). Their UI is littered with depth charts, order books, candlesticks, and other financial concepts that are beyond the reach of most normal consumers. Their product today is not at all tailored for the broader consumer market. Given Binance’s popularity and strength among the pro audience, it’s unlikely that they will dumb down or simplify their product any time soon. That would jeopardize their core business. Binance will likely need an entirely new product/brand to go beyond the pro user crowd. That will take time (or an acquisition). So the question remains, is Binance even interested in the broader consumer market? Or will they continue to focus on their core product, the one-stop-shop for pro crypto traders?
  2. Controversies & Hot Water Binance has had a number of controversies. No one seems to know where they are based — so what regulatory agencies can hold them accountable? Last year, some sensitive, private user data got leaked. When they announced their debit card program, they had to remove mentions of Visa quickly after. And though the “police raid” story proved to be untrue, there are still a lot of questions about what happened with their Shanghai office shut down (where there is smoke, there is fire). If any company has had a “move fast and break things” attitude, it is Binance. That attitude has served them well so far but as they try to do business in more regulated countries like America, this will make their road much more difficult — especially in the consumer market where trust takes a long time to earn, but can be destroyed in an instant. This is perhaps why the Binance US product is an empty shell when compared to their main global product.
  3. Disjointed Product Experience Because Binance has so many different teams launching so many different services, their core product is increasingly feeling disjointed and disconnected. Many of the new features are sloppily integrated with each other. There’s no cohesive product experience. This is one of the downsides of executing and shipping at their relentless pace. For example, users don’t have a single wallet that shows their balances. Depending on if the user wants to do spot trading, margin, futures, or savings… the user needs to constantly be transferring their assets from one wallet to another. It’s not a unified, frictionless, simple user experience. This is one major downside of the “move fast and break things” approach.
  4. BNB token Binance raised $15M in a 2017 ICO by selling their $BNB token. The current market cap of $BNB is worth more than $2.6B. Financially this token has served them well. However, given how BNB works (for example, their token burn), there are a lot of open questions as to how BNB will be treated with US security laws. Their Binance US product so far is treading very lightly with its use of BNB. Their token could become a liability for Binance as it enters more regulated markets. Whether the crypto community likes it or not, until regulators get caught up and understand the power of decentralized technology, tokens will still be a regulatory burden — especially for anything that touches consumers.
  5. Binance Chain & Smart Contract Platform Binance is launching its own smart contract platform soon. Based on compatibility choices, they have their sights aimed at the Ethereum developer community. It’s unclear how easy it’ll be to convince developers to move to Binance chain. Most of the current developer energy and momentum around smart contracts is with Ethereum. Because Binance now has their own horse in the race, it’s unlikely they will ever decide to leverage Ethereum’s DeFi protocols. This could likely be a major strategic mistake — and hubris that goes a step too far. Binance will be pushing and promoting protocols on their own platform. The major risk of being all-in on their own platform is that they miss having a seat on the Ethereum rocket ship — specifically the growth of DeFi use-cases and the enormous value that can be unlocked. Integrating with Ethereum’s protocols would be either admitting defeat of their own platform or competing directly against themselves.

Binance Wrap Up

I don’t believe Binance is likely to succeed with a homegrown product aimed at the consumer finance market. Their current product — which is focused heavily on professional traders and speculators — is unlikely to become the bank of the future. If they wanted to enter the broader consumer market, I believe it’s much more likely that they will acquire a company that is getting early traction. They are not afraid to make acquisitions (Trust, JEX, WazirX, DappReview, BxB, CoinMarketCap, Swipe).
However, never count CZ out. He is a hustler. Binance is executing so aggressively and relentlessly that they will always be on the shortlist of major contenders.


The crypto-native company that I believe is more likely to become the bank of the future is Coinbase (crunchbase). Their dominance in America could serve as a springboard to winning the West (Binance has a stronger foothold in Asia). Coinbase has more than 30M users. Their exchange business is a money-printing machine. They have a solid reputation as it relates to compliance and working with regulators. Their CEO is a longtime member of the crypto community. They are rumored to be going public soon.

Coinbase Strengths

Let’s look at what makes them strong and a likely contender for winning the broader consumer finance market.
  1. Different Audience, Different Experience Coinbase has been smart to create a unique product experience for each audience — the pro speculator crowd and the common retail user. Their simple consumer version is at That’s the default. Their product for the more sophisticated traders and speculators is at Coinbase Pro (formerly GDAX). Unlike Binance, Coinbase can slowly build out the bank of the future for the broad consumer market while still having a home for their hardcore crypto traders. They aren’t afraid to have different experiences for different audiences.
  2. Brand & Design Coinbase has a strong product design team. Their brand is capable of going beyond the male-dominated crypto audience. Their product is clean and simple — much more consumer-friendly than Binance. It’s clear they spend a lot of time thinking about their user experience. Interacting directly with crypto can sometimes be rough and raw (especially for n00bs). When I was at Mainframe we hosted a panel about Crypto UX challenges at the DevCon4 Dapp Awards. Connie Yang (Head of Design at Coinbase) was on the panel. She was impressive. Some of their design philosophies will bode well as they push to reach the broader consumer finance market.
  3. USDC Stablecoin Coinbase (along with Circle) launched USDC. We’ve shared some stats about its impressive growth when we discussed DeFi use-cases. USDC is quickly becoming integrated with most DeFi protocols. As a result, Coinbase is getting a front-row seat at some of the most exciting things happening in decentralized finance. As Coinbase builds its knowledge and networks around these protocols, it could put them in a favorable position to unlock incredible value for their users.
  4. Early Signs of Bundling Though Coinbase has nowhere near as many products & services as Binance, they are slowly starting to add more financial services that may appeal to the broader market. They are now letting depositors earn interest on USDC (also DAI & Tezos). In the UK they are piloting a debit card. Users can now invest in crypto with dollar-cost-averaging. It’s not much, but it’s a start. You can start to see hints of a more bundled solution around financial services.

Coinbase Weaknesses

Let’s now look at some things that could hold them back.
  1. Slow Cadence In the fast-paced world of crypto, and especially when compared to Binance, Coinbase does not ship very many new products very often. This is perhaps their greatest weakness. Smaller, more nimble startups may run circles around them. They were smart to launch Coinbase Ventures where tey invest in early-stage startups. They can now keep an ear to the ground on innovation. Perhaps their cadence is normal for a company of their size — but the Binance pace creates quite the contrast.
  2. Lack of Innovation When you consider the previous point (slow cadence), it’s unclear if Coinbase is capable of building and launching new products that are built internally. Most of their new products have come through acquisitions. Their acquisition is what led to their Earn educational product. Their acquisition of Xapo helped bolster their institutional custody offering. They acqui-hired a team to help launch their staking infrastructure. Their acquisition of Cipher Browser became an important part of Coinbase Wallet. And recently, they acquired Tagomi — a crypto prime brokerage. Perhaps most of Coinbase’s team is just focused on improving their golden goose, their exchange business. It’s unclear. But the jury is still out on if they can successfully innovate internally and launch any homegrown products.
  3. Talent Exodus There have been numerous reports of executive turmoil at Coinbase. It raises a lot of questions about company culture and vision. Some of the executives who departed include COO Asiff Hirji, CTO Balaji Srinivasan, VP & GM Adam White, VP Eng Tim Wagner, VP Product Jeremy Henrickson, Sr Dir of Eng Namrata Ganatra, VP of Intl Biz Dan Romero, Dir of Inst Sales Christine Sandler, Head of Trading Hunter Merghart, Dir Data Science Soups Ranjan, Policy Lead Mike Lempres, Sr Compliance Vaishali Mehta. Many of these folks didn’t stay with Coinbase very long. We don’t know exactly why it’s happening —but when you consider a few of my first points (slow cadence, lack of innovation), you have to wonder if it’s all related.
  4. Institutional Focus As a company, we are a Coinbase client. We love their institutional offering. It’s clear they’ve been investing a lot in this area. A recent Coinbase blog post made it clear that this has been a focus: “Over the past 12 months, Coinbase has been laser-focused on building out the types of features and services that our institutional customers need.” Their Tagomi acquisition only re-enforced this focus. Perhaps this is why their consumer product has felt so neglected. They’ve been heavily investing in their institutional services since May 2018. For a company that’s getting very close to an IPO, it makes sense that they’d focus on areas that present strong revenue opportunities — as they do with institutional clients. Even for big companies like Coinbase, it’s hard to have a split focus. If they are “laser-focused” on the institutional audience, it’s unlikely they’ll be launching any major consumer products anytime soon.

Coinbase Wrap Up

At Genesis Block, we‘re proud to be working with Coinbase. They are a fantastic company. However, I don’t believe that they’ll succeed in building their own product for the broader consumer finance market. While they have incredible design, there are no signs that they are focused on or capable of internally building this type of product.
Similar to Binance, I think it’s far more likely that Coinbase acquires a promising young startup with strong growth.

Honorable Mentions

Other US-based exchanges worth mentioning are Kraken, Gemini, and Bittrex. So far we’ve seen very few signs that any of them will aggressively attack broader consumer finance. Most are going in the way of Binance — listing more assets and adding more pro tools like margin and futures trading. And many, like Coinbase, are trying to attract more institutional customers. For example, Gemini with their custody product.

Wrap Up

Coinbase and Binance have huge war chests and massive reach. For that alone, they should always be considered threats to Genesis Block. However, their products are very, very different than the product we’re building. And their approach is very different as well. They are trying to educate and onboard people into crypto. At Genesis Block, we believe the masses shouldn’t need to know or care about it. We did an entire series about this, Spreading Crypto.
Most everyone needs banking — whether it be to borrow, spend, invest, earn interest, etc. Not everyone needs a crypto exchange. For non-crypto consumers (the mass market), the differences between a bank and a crypto exchange are immense. Companies like Binance and Coinbase make a lot of money on their crypto exchange business. It would be really difficult, gutsy, and risky for any of them to completely change their narrative, messaging, and product to focus on the broader consumer market. I don’t believe they would ever risk biting the hand that feeds them.
In summary, as it relates to a digital bank aimed at the mass market, I believe both Coinbase and Binance are much more likely to acquire a startup in this space than they are to build it themselves. And I think they would want to keep the brand/product distinct and separate from their core crypto exchange business.
So back to the original question, is Coinbase and Binance a threat to Genesis Block? Not really. Not today. But they could be, and for that, we want to stay close to them.
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GDAX Demand Chart Reading Ep. # 332- GDAX Enables Margin Trading! / Coinbase Making Many Changes This Month / Dash Rumors Binance SHORT TRADE Tutorial  Binance Margin Trading FULL ... Buying BTC on GDAX Everything You Need To Know About GDAX Plus Trading Tips

GDAX Margin Trading. The intention of introducing margin trading by GDAX was to make users eligible to money to increase the trading values. Using the margin, one can sell the assets that they do not actually possess, and earn some funding for transactions. In order to use this service, users are required to switch it on using the button GDAX Margin Trading. For example, if you want to use borrowed money to trade bitcoin through GDAX, you have to enable margin trading at the top of the margin trading panel. Further, if you have access to USD order books, you will need to take the additional step of certifying that you are an Eligible Contract Participant. Will margin trading bring big fish? Meet the new dating app for parents and people who want kids Contents1 The key skill of gdax margin trading is the ability to hear others.2 The gift of persuasion.3 Strategy and gdax margin trading. It is safe to say that the gdax margin trading is an art. Someone needs years of study and... Margin Trading. GDAX offers margin trading with leverage up to 3x (on BTC/USD and ETH/USD pairs, up to a limit of $10,000), or 2x (for BTC/EUR pair up to 3,000 EUR, and for LTC/USD pair up to $500). GDAX Fees. Here’s how the GDAX fee structure breaks down: Maker Fee: 0% (all volumes)

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GDAX Demand Chart Reading

Everything You Need To Know About GDAX Plus Trading Tips - Duration: 29:18. MrSotko CryptoCurrency 43,028 views. 29:18. Ether Trading Depth Chart Basics - Duration: 31:23. I walk through the steps on how to buy Bitcoin on GDAX without having to pay for the high margin trading fees. I'll be using the BTC I get for some upcoming investments. New To Crypto? Buy $100 of ... I walk through the steps on how to buy Bitcoin on GDAX without having to pay for the high margin trading fees. I'll be using the BTC I get for some upcoming investments. Like, subscribe, and comment! Buy $100 worth of bitcoins and get $10 of free bitcoin: Coinbase owns gd... How to trade cryptocurrency on the Global Digital Asset Exchange (GDAX) in 2018 without incurring a fee. You can use GDAX to trade for Bitcoin, Ethereum, Lit...