Bitcoin Cash started trading on GDAX at ~8:20 EST on 12/19/2017. The order book shows orders lining up buyers and seller at about $3300 but within minutes of opening it rocketed higher to $5000 and then even higher to $9500 on very light volume until GDAX essentially halted transaction again. Meanwhile the spread at other exchanges was extremely large with BCH still trading at $3300-$3450. Talk about arbitrage opportunities.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifeG9p9sxbSgtYlaKgnMAot8Np2Eq7PblxzJdiOXeSTRyalD8qRoWzosZcMuib203cXb1vWoUuer7aGRaDAnxcr9giXdYzu-UjhsZR3gafrfP747xugaZAIXXzQliZcteBe-fCxSF88zw/s320/BCH+Trades+on+GDAX+-+Opening+Minutes.png) |
BCH on BitFinex is trading at a $6,000 discount to BCH on GDAX pictured below |
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjruDsqZZw-M_bpgZLzR1dYByiSb7z1Vdh_iWnz8MNL5b26zjSglnXLYWv74xMdGgKQ6KyIwsa6HUgscMlygtFq9UAcXntdBx96G3-U3n4osomhcx6AYuggM4Rzz2NtE13pD1_PTLMeOFY/s320/BCH+rockets+to+9500+on+GDAX.png) |
BCH opens for trading on GDAX |
Clearly something is amiss at GDAX. They posted an update at ~8:24 EST:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0LcSvwtA0IiRbL42IuvclqBxuEag8m7p998INqDlVDXwDH8hHoSJp1WQx7N_Qb0sahNin0R8CFa79avYOy3gFWgJHGRDlFxfVHlBapO3Vmmsg3HBtPOoQkzTBoND3fXkb8s298fY7LBM/s320/GDAX+Bitcoin+Cash+Trading.png) |
GDAX BCH Status |
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