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Again, Coinbase users knew that Bitcoin Cash was coming by January 1, — the deadline Coinbase gave itself in August — but most users assumed that the new coin would be withdrawal-only, letting Coinbase users who stored Bitcoin on the exchange at the time of the fork get their trapped Bitcoin Cash out of the platform. In the meantime, customer bitcoin cash will remain safely stored on Coinbase. As Coinbase stated in its August 3 blog post:. Once supported, customers will be able to withdraw bitcoin cash. Like many things in the digital currency world, cryptocurrency market forces are often even stranger and more inscrutable than their traditional financial counterparts.
Obviously, anyone paying attention to potential Coinbase API hints or other subtle backend signals is likely doing so with the intent to cash in on such a surge. Still, many Reddit users appeared to lend this particular thread enough credence to check it out for themselves. In the meantime, customer bitcoin cash will remain safely stored on Coinbase. As Coinbase stated in its August 3 blog post:.
The author holds a small position in some cryptocurrencies, mostly because it seemed like a fun idea back in and then she forgot about it. Once supported, customers will be able to withdraw bitcoin cash. Obviously, anyone paying attention to potential Coinbase API hints or other subtle backend signals is likely doing so with the intent to cash in on such a surge. Just a few hours later, the company disclosed that the chaos had prompted an insider trading investigationa surprising concession after some in the cryptocurrency world cried foul to be fair, they are often crying foul. Given its mainstream appeal and extreme ease of use relative to other exchanges, Coinbase is something of a cryptocurrency kingmaker.
The company plans to introduce more altcoins on its platform in the coming year, so it will have ample opportunity to learn from its rocky, semi-surprise introduction of Bitcoin Cash on December The author holds a small position in some cryptocurrencies, mostly because it seemed like a fun idea back in and then she forgot about it. In the meantime, customer bitcoin cash will remain safely stored on Coinbase.
Like many things in the digital currency world, cryptocurrency market forces are often even stranger and more inscrutable than their traditional financial counterparts. Again, Coinbase users knew that Bitcoin Cash was coming by January 1, — the deadline Coinbase gave itself in August — but most users assumed that the new coin would be withdrawal-only, letting Coinbase users who stored Bitcoin on the exchange at the time of the fork get their trapped Bitcoin Cash out of the platform. The author holds a small position in some cryptocurrencies, mostly because it seemed like a fun idea back in and then she forgot about it.