Bitcoin Cash Hits Coinbase

  • A blog post on Official Coinbase Site, on Tuesday, has officially confirmed that Bitcoin Cash—a fork of the Bitcoin blockchain—is headed to popular cryptocurrency brokerage Coinbase, effective as soon as there is “sufficient liquidity” on GDAX.

Users will be able to buy, sell, send, and receive Bitcoin Cash on the platform.

This follows a recent surge in price in BCH. Following the announcement, Bitcoin plunged by 12 percent, dropping below $17K, while BCH jumped several hundred dollars, clearing the $3K mark. The current listed price on CoinMarketCap is $3,387.54.

In the post, Coinbase expressed their belief that customers should not be hurt by forks that occur outside their control, saying:

Coinbase operates by the principle that our customers should benefit to the greatest extent possible from forks or other networks events. This is essential in our mission to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange.

Lates Blog Update on December 19 at 8:15pm

Bitcoin Cash sends and receives are functional. Buys and sells on the Coinbase website and in our mobile apps will be available to all customers once there is sufficient liquidity on GDAX. We anticipate that this will happen tomorrow.

Source: CoinBase, Forbes


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