Slip further into a coma implies it will still be around but a graveyard in comparison to when they were one of the biggest exchanges. The customer doesn't care about Pantera and theres 0 loyalty involved when deciding who to trust with your coins and fiat.

Well Stamp is likely to slip further into a coma but Bitfinex will be fine, regulated exchanges wont offer margin. However with the exchange supposedly being insured general buying and selling is likely to move to more regulated avenues.

Perfect timing as well after the Stamp hack and people general lack of confidence in exchanges. One of the true barriers to bitcoin has been the back room exchanges constantly fucking up.

First U.S. Bitcoin Exchange Set to Open Coinbase Has Backing From the NYSE, Banks and Venture Capitalists

By GREG BENSINGER

Jan. 25, 2015 4:34 p.m. ET

The virtual currency bitcoin is getting a very real boost on Monday, with the opening of the first licensed U.S. exchange.

Coinbase Inc., a startup backed by $106 million from the New York Stock Exchange, banks and venture-capital firms, said its exchange will offer greater security for individuals and institutions to trade bitcoin and monitor real-time pricing of the cryptocurrency.

The exchange could bring needed legitimacy to the currency, which isn’t backed by a central government and is traded over virtual exchanges, primarily overseas. Coinbase said it has insurance, offering traders some assurance that their money won’t disappear.

Bitcoin enthusiasts have been buffeted by the collapse of Japan-based exchange Mt. Gox last year—taking with it around half a billion dollars of investors’ money—and a security breach earlier this month at Slovenia-based exchange Bitstamp. The value of a bitcoin itself, determined by trading on existing exchanges, has fallen to about $240, from a peak in late 2013 of more than $1,200.

“To have an organized exchange that has the backing of thoughtful venture capitalists and investors addresses one of the main problems with bitcoin: its extreme volatility,” said Campbell R. Harvey, a Duke University finance professor who has studied cryptocurrencies. “Bitcoin has been sorely in need of something like this.”

Coinbase’s founders say they have been working for five months to win licenses from state financial regulators. They have regulatory approval in half of U.S. states, including large population centers like New York and California. For now, Coinbase can do business with account holders only in states where it has approval.

Coinbase will take a small percentage—likely less than 1%—of most transactions, said Fred Ehrsam, 26 years old, a co-founder. The exchange will initially be limited to users in the U.S., but Chief Executive Brian Armstrong, 32, said he plans to expand overseas.

Mr. Armstrong said he expected to attract both individuals and businesses looking to trade bitcoin. “Our goal is to become the world’s largest exchange,” he said.

Others are looking to open U.S.-based bitcoin exchanges, including Tyler and Cameron Winklevoss, the twin brothers known for their early feuds with Facebook Inc. founder Mark Zuckerberg .

Financial regulators, including the U.S. Federal Reserve, have been scrutinizing bitcoin recently. Benjamin Lawsky , the superintendent of the New York State Department of Financial Services, is working on a so-called BitLicense for firms looking to offer digital-currency services in the state; Coinbase is operating under earlier regulations. Mr. Lawsky’s plan is seen as a template for legislation in other jurisdictions, and it may give outsiders more confidence in the currency.

Bitcoins are created using high-powered computers that “mine” for the currency by solving complex mathematical equations. They are exchanged digitally either for currency, or goods and services. Ownership and transactions are recorded, anonymously, in a so-called blockchain, which backers say reduces the risk of fraud.

Bitcoin grew to prominence in recent years in part because of the ease with which it can be transferred.

Coindesk, which tracks the price of bitcoins, says 82,000 businesses accept the currency, double that of a year earlier, including e-commerce site Overstock.com Inc. and Expedia Inc., as well as many small retailers. The value of all bitcoin is $3.2 billion, according to Coindesk’s price index.

The NYSE invested in Coinbase during a $75 million round of fundraising that closed this month. Other investors include USAA Bank, the venture arm of Spain’s Banco Bilbao Vizcaya Argentaria SA, former Citigroup Inc. CEO Vikram Pandit and former Thomson Reuters Corp. CEO Tom Glocer. Venture backers include Draper Fisher Jurvetson, Andreessen Horowitz and Union Square Ventures.

The NYSE’s investment was intended in part to “keep an eye on bitcoin as it matures as a legitimate currency,” President Tom Farley said. “Any currency relies on its acceptance.” The Coinbase exchange “is an important step for the currency to become socially acceptable.”

Coinbase counts about 2.2 million consumer wallets and nearly 40,000 merchants that use its services. The company has about 75 employees and plans to operate in 30 countries by year-end, up from 19 today.

So, sell the news then people?

Yer, add to the the Winklevoss have planned a talk just after the lunar announcement was due to be made. Tommorow could be interesting.

Does this mean that someone inside coinbase sold the story to the wsj?

Is this their lunar announcement ?

Fair enough, still that middle green candle was a red one on Huobi, Finex and OKcoin which are far and away the market leaders in comparison to Stamp and BTC-e. Therefore which would you base a trade on if your looking for three 1w green candles.

eh? On what date was the price $450 AFTER three green 1w candles?

Guess it depends where you are. SEPA is often on stamp within a few hours. Fees yes but would you leave fiat in a place you don't trust just because of a few $'s in fees?

Perhaps because they haven't re-bought the coins they need to show solvency ?

Agree but the same goes for people and their fiat, not trusting an exchange with your assets applies to both fiat and BTC. You could reword your conclusion as people are starting to learn to not trust third parties with their assets, therefore ask side and bid side doesn't mean much to me . However ask side is more important as it represents BTC waiting to be sold....

Whats the difference? The only real argument is that you can send btc to an exchange in an hour but may have to wait 24 for your fiat.

48,521.63 BTC
Whole bid volume

6,263.05 BTC
Whole ask volume

In other words you could by every coin on stamp for $1.5 mil

Stamps asks are so thin. Just a few thousand coins and there's no resistance at all.

There has to be some seriously nervous shorters around, the big buys havent even started yet if this is going to be a full blown rally.

For many people this is the first pay day after being spent out. Most gifts etc are paid for with Novembers pay and then going out and spending over xmas comes out of the pay packet just before xmas day . This pay just received by many is their first with money to spare for a couple of months.

I'd expect things to get sticky around here. However come Monday its going to be the first lot of fiat on the exchanges since before Christmas for a lot of people.

Think in percentages for the traders who bought anything around 180.

Nothing to do with a loss of confidence in stamp and so less people keeping their coins there at all let alone keeping them there as asks?