I just called 10 minutes ago and got a general support staff on the phone and then later escalated to a support supervisor -- they said it is in the hands of the "specialist" and it is up to the "specialist" to review the case and fix my account. They could not give me any time update nor could they explain the situation.
So I'm still locked out of my money and in the dark as to why.
The Coinbase team has manually disabled my account without explanation -- I'm skeptical that removing / re-adding my bank account would re-enable my trading and transferring between coinbase / coinbase pro. I'm also not sure that I'd even be able to complete those actions given that things are disabled for me right now.
I'm tracking order positions with an in memory orderbook. When gdax accepts my order I know where I end up. I average spot 1.45 when the spread changes. It's hard to get closer to perfect 1.00 because of limit taker orders which, if placed right, always get 1.00 after the taker portion is calculated and the maker is placed 1 cent from other other side.
They're going to give new tools to institutional traders. Co-location, FIX market data, lending & margin financing products, professional crypto secure storage ('coinbase custody') etc. etc. They'll be faster than non-institutions and have trading options unavailable to the rest of us.
Right now, the institutions have to play on a level playing field with us one-man teams.
This suite of products will give them their pay-to-win advantages to keep us little guys from being the fastest and best in the market.
I have the fastest bot on GDAX right now, that will only last until these new services are introduced -- since I can't afford to pay $XXk a month for the privilege.
Edit: If you're reading this from your chair at a HFT firm, send me a message if your company is interested in the fastest bot :)
Right now I have one of (or the?) fastest HFT bot on gdax -- I define "fastest" as being on average the first bot to re place maker orders at best when the price moves. With 1 being the first order in line it's currently averaging 1.39 on price changes -- so it gets a ton of matches.
The bot uses a NN for predicting the price. I've been working on it for 3 months and so far the bot is profitable.
If anyone out there is interested in this space I'm looking for a partner. Also open to business offers.
The whole pipeline (data collection, data processing, trading bot, backtesting, model training, etc.) is built on golang, aws, and training with keras.
Regardless of if you get 4 months notice or 1 year notice you still have to do the work to migrate and you're still stuck with the sunk cost of investing in/learning a doomed platform.
That's why I wouldn't build a business on Google, because they have a long history of killing things when they aren't wildly profitable/successful. A $10m/yr profit product is considered a distraction of valuable engineer time unless it has some ulterior goal for the company.
And I'm not saying they should change -- they do what's right for them. One engineer working on some distraction project could instead be moved to ads quality and end up making a change worth anywhere from hundreds of millions/yr to billions.
Yep. Their trust problem is also very well earned both from the APIs they've killed/changed and from the long list of Google products in the graveyard.