4 ms·

shouldn't it be more like Market Risk ?

• 7Figures2Commas 13y ago
  In this case, the counterparty to the transaction appears unable to meet its obligations, at least according to the OP. That's counterparty risk.
  • codegeek 13y ago
    But the ACH is completely reversible. So not really a risk specially considering that price has fallen :).
    • 7Figures2Commas 13y ago
      There are rules that govern ACH reversals. My understanding is that reversals are permitted in cases where the amount transferred was incorrect or the transfer was not authorized. As another poster on this thread noted, Coinbase's terms of service appears to give them great flexibility in processing transactions. The OP, on the other hand, seems to have the understanding that Coinbase was obligated to complete his transaction within a very specific period of time. This is a dispute between two parties to a transaction. One is arguing that his counterparty failed to meet its obligations; it appears the other has the ability to argue that under its terms of service those supposed obligations never existed. Given the amount of money involved, either party might be motivated to resolve this matter through legal action. Again, this is all an inherent part of the wonderful world of counterparty risk.
    • PeterisP 13y ago
      ACH is not completely reversible - it's reversible in certain cases depending on the legal reasons for the reversal. IANAL, but I believe that simply having a dispute with the other party is not valid grounds - you authorised the payment, it went to the intended beneficiary, so if they don't / can't pay you back, it's your loss.
• LargeWu 13y ago
  Market risk would be the risk of the value of the asset changing (which is also present here). Counterparty risk is the risk of Coinbase not living up to its contractual obligation of delivering the bitcoins in the first place.