The U.S. based Bitcoin exchange Coinbase is adding features to let users withdraw Bitcoin forks according to a recent blog from the company.. Coinbase: “We are not announcing support for any specific assets at this time. As always, we look at technical, operational, and legal considerations when deciding which Bitcoin Fork assets. Jan 02, · The Bitcoin Cash network fork in November was one of those instances as the upgrade was contentious in the eyes of an “opposing subgroup.” In order to protect users who held BCH on Coinbase prior to the fork, the company created its own replay protection strategy to . 2 days ago · Coinbase Reveals its 2x Fork Plans Another large bitcoin exchange in the industry, Coinbase, has announced an update concerning the upcoming Segwit2x hard fork. The San Francisco-based trading platform and wallet provider follows the recent Bitfinex announcement detailing plans for a possible bitcoin split.
Bitcoin forks supported by coinbaseCoinbase to Support the Withdrawal of Bitcoin Forks
Despite this, here is a quick rundown of what you need to know in the form of an excerpt from the official announcement:. Adding withdrawal support for a bitcoin fork does not mean the asset will also be added for trading. Withdrawal-only forked assets, i. Per our previous guidance , Coinbase will only list forked assets for trading after they are listed for trading GDAX. We have no plans to support any new forked assets in the Commerce UI. This site uses Akismet to reduce spam. Learn how your comment data is processed.
What do you think? As always, we look at technical, operational, and legal considerations when deciding which Bitcoin Fork assets to support and will always state on our website which particular assets are supported. Coinbase got itself into a heap of trouble with investors last year for a botched rollout of Bitcoin Cash.
Coinbase is the parent company of several subsidiaries, most of which will support Bitcoin Fork withdrawals. The company outlined the approach that each of its businesses will take to support Bitcoin Forks. Coinbase also just announced Coinbase Ventures, an investment vehicle for early-stage companies.
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