MtGox Announces Withdrawals Soon, FXOpen Launches Bitcoin Trading and . . .
Bitcoin Aware | Aritcles | MtGox Announces Withdrawals Soon, FXOpen Launches Bitcoin Trading and . . . MtGox issued an update today that bitcoin withdrawals are expected to begin to be processed soon, and they will provide an update on Thursday. The news follows their announcement on Saturday that they were implementing a solution that would help them identify transactions correction, to limit issues due to transaction malleability. However, even after providing an update, prices of Bitcoins on MtGox remain severely depressed versus other exchanges, currently trading at $350 versus $630 on BTC-e. (More on the Update from MtGox)Due to the ongoing withdrawal issues at MtGox, it has caused customers to become aggressive sellers of bitcoins, as they have been rotating their funds from the digital currency to fiat. As a result, premiums of $200, that MtGox customers were willing to pay for bitcoins versus other exchanges as recently as last month, have disappeared. This led to a discount spread which reached $350 this morning as bitcoin prices hit a low of $220 while trading at $570 at BTC-e. Due to the deviation of prices with global exchanges, it has led to complaints from customers at forex brokers trading bitcoins with CFDs using feeds from MtGox. First to react was eToro, which changed its MtGox pricing feed to that of Bitstamp last week. Also changing pricing for its CFDs was Plus500. As of yesterday, they launched a new CFD based on prices from BTC-e, which uses a daily expiry. This product will replace an existing monthly CFD that tracked prices of MtGox. The MtGox CFD is no longer available for new trades from Plus500, with open positions on close only’ status. The changes from Plus500 mark at least the third time they have tweaked their Bitcoin trading conditions, and i . . . forexmagnates. com/mtgox-announces-withdrawals-soon-fxopen-launches-bitcoin-trading-and-plus500-and-etoro-change-feeds/