An SEC announcement on the acceptance or rejection of the latest Bitcoin ETF on CBOE is expected anywhere from 10th Aug to Q1 2019. This is expected to be a significant announcement and has the potential to move the Bitcoin market substantially creating significantly volatility.
As an example of a similar event; in March 2017, an ETF application was declined by the SEC, which caused a 20% drop in prices over 5 minutes on exchanges globally. We tracked the data on both the Coinfloor UK and Bitmex exchanges to confirm this.
To risk manage this event we will be required to increase CoinfloorEX's initial margin and maintenance marge requirements for all clients. This will likely happen several hours prior to the announcement and will remain in place until such time we have determined that market volatility has subsided back to "normal" levels.
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