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GDAX has withdrawal limits of up to $25M/day, however if you're liquidating that much at once, you're better off OTC. GDAX USD accounts are only FDIC insured up
by lhl 9y ago
GDAX has withdrawal limits of up to $25M/day, however if you're liquidating that much at once, you're better off OTC. GDAX USD accounts are only FDIC insured up to the standard $250K.
- tehlike 9y agoInsurance is for the money staying in accounts. I guess my point is with this much manipulation and fraud, it is not hard to see market go down big time due to tether. Gdax volume is inflated aomewhat due to bitfinex' bot that keeps buying and selling/painting tape on gdax. We saw what happened previously when a large exchange becomes insolvent. Tether will lead to bitfinex being insolvent, or better will lead to government raid or something. I would also be careful about calling things low info. I have plenty invested in crypto, but unlike many i am not a mooner dreamer. Btc is trying really hard ti stay at its current price and relies on tether printing. I dont think this is hard to see...