Kraken bcc btc
- 0.00001441 btc
Kraken has issued a warning to margin traders in its official Bitcoin Cash statement, saying they should prepare for “extreme volatility.”. Now that the Bitcoin fork has been completed, next comes the Though Kraken had begun trading in Bitcoin cash in the last few days. nearly a tenth the value of bitcoin. Kraken launched bitcoin cash trading a little after a.m. Eastern, the exchange said on Twitter. EURO FOREX QUOTES FEED
However, the client will also receive a 10 BCH credit to their balance corresponding to the margin position. However, please note clients will also be responsible for a 10 BCH debit negative balance on their account, that must be corrected by either buying or depositing 10 BCH. Kraken sources the XBT to finance margin trading from individual lenders and they are preserving the value for those lenders that may lie in the BCH forked from their funds.
Any account with a negative BCH balance will be placed on withdrawal lock until the balance is corrected. Margin traders should be very cautious across the fork: Margin traders are advised to be very cautious across the fork, by either reducing their position sizes or closing out entirely before the fork. In addition to the special provisions described above, margin traders should plan for the possibility of extreme volatility and unfavorable forced liquidations surrounding the fork.
We are still waiting for the first big block which will bring the Bitcoin Cash chain to life. Some Petahash are estimated to be mining on the chain, so it may take a few hours. But due to variance, it can be at any point. Until then, arbitrage between exchanges may be difficult. Bitcoin Cash therefore may be trading at different prices initially, although arbitrage through sending around other currencies might be possible.
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