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Because they just bought it from you at that guaranteed price. They could go and sell it on the market for more/less, but the price you sold it to CB for remain
by flignats 9y ago
Because they just bought it from you at that guaranteed price. They could go and sell it on the market for more/less, but the price you sold it to CB for remains the same.
- coralreef 9y agoThat price changes dynamically at some interval, and is discounted against the trading market value, correct?
- flignats 9y agoThey do update that price frequently (minutes, maybe seconds) and there is a premium added to the price. I assume they add this premium so they can then go liquidate it for profit on the exchange as needed.
- coralreef 9y agoThat doesn't sound to you like they're just selling it on gdax?
- flignats 9y agoThey can do whatever they want with it after they have sold it to me for a fixed price.
- coralreef 9y agoHeh, I'm not sure why you think its a fixed price. They're probably showing you the lowest sell order on the order book.
- flignats 9y agoHave you ever bought/sold on CB? It is exactly that, a fixed price. It's the convenience you pay for to use CB. That price updates frequently, but whatever price you execute at is the price you pay/sell for.