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how are you short on coinbase?
by obilgic 9y ago
how are you short on coinbase?
- ceejayoz 9y agohttps://community.coinbase.com/t/short-position-fees-requirements-etc/14373/4 https://community.coinbase.com/t/short-position-fees-require... seems to indicate it's possible.
- obilgic 9y agothat actually seems to be gdax not coinbase.
- ceejayoz 9y agoThen I'm really confused as to the relationship between the two. Here's Coinbase support posting a "how do I use GADX?" article: https://community.coinbase.com/t/what-is-gdax-how-do-i-use-it/185 https://community.coinbase.com/t/what-is-gdax-how-do-i-use-i...
- jchw 9y agoGADX is their trading platform. They don't plan on supporting trading with BCC. That being said, no, you don't own a short position. I don't see why that would even be related to this.
- StavrosK 9y agoBecause shorting means you're borrowing BTC so you can sell it off. Since you borrowed BTC, you're the one who would have received the BCC for that BTC, so are you on the hook to give that back as well? If I borrow your hen and it lays an egg and that hatches a chick, shouldn't I give you the chick back with the hen?
- jchw 9y agoI just reread the thread and understand the discussion. I had misread the first post. That being said, I think when margin trading on GADX no actual Bitcoin transactions are occurring. So, Coinbase is just doing accounting for the trades using internal assets. I think they could later on replay everything but treat all of the short positions as having exited directly at the split or something along those lines.
- tylersmith 9y agoSame company, different applications.
- blazamos 9y agoVP Ops at Coinbase Coinbase — consumer product GDAX — institutional/professional product
- obilgic 9y ago@jchw: actually gdax just announce they would support BCC https://blog.gdax.com/update-on-bitcoin-cash-396d7249420b https://blog.gdax.com/update-on-bitcoin-cash-396d7249420b