Exclusive: CFDs Brokers Shed Millions on Bitcoin Cash Flash Action
Posted: Thu Nov 16, 2017 5:17 pm
Last week, Finance Magnates extensively reported about the temporary blip in confidence in Bitcoin as the SegWit2x fork got canceled. Bitcoin Cash was the principal beneficiary of the resulting uncertainty in the aftermath of the announcement, increasing more than five-fold over the span of about 48 hours.
While prices have been fluctuating wildly, brokers that have been offering CFDs on the product have been hit pretty hard by Bitcoin punters. Speaking to Finance Magnates off the record, several brokers that provide Bitcoin cash CFDs shared that the day after the fork got canceled was a mini-Black Thursday. The event highlights the big ... (read more)