i have 310 BTC, 5000ETH and 250K FIAT, but now my balance has been reset to zero...they claim all account allowed continuous arbitrage across various products in the platform. Because every trader profit from arbitrage. Bitcoin price drop until USD 640 (from 700) and quoine say " you dont have profit anything from bitcoin fluctuation".
I have to ask this, cause also AlexTrader had such a big balance:
Is most of your balance profit? I mean did you started with say 50 BTC and after trading at quoine you had "310 BTC, 5000ETH and 250K FIAT" ?
Or is the profit itself quite small?
And how do I add more pairs? I only have BTC/EUR and ETH/EUR, so what kind of arbitrage did you make? Only between those two pairs?
I still don't get why Quoine prohibit Arbitrage. Would be good to see a statement from Quoine, since Arbitrage is a normal and good thing for exchange and traders. The only legal reason for resetting all these balances would be a bug which made trades possible that did not exist. But "Arbitrage" itself is no reason.