Coinbase has fulfilled its promise to integrate Bitcoin Cash (BCH) by year-end, enabling users to buy, sell, send, and receive BCH alongside Bitcoin (BTC), Ether (ETH), and Litecoin (LTC) on its platform. This move follows months of evaluation post-Bitcoin's August 2023 hard fork, which created Bitcoin Cash.
Key Features of the Rollout
- Multi-Fiat Support: BCH transactions are available in USD, EUR, GBP, CAD, AUD, and SGD.
- Gradual Launch: Initial functionality limited to sending/receiving, with full trading to follow once liquidity stabilizes on GDAX.
- Security Measures: Coinbase employees were barred from BCH trading weeks prior to launch to prevent insider advantages.
👉 Discover how to start trading Bitcoin Cash today
Challenges During Launch
The rollout faced volatility, with BCH prices briefly spiking to $8,500—over twice its market value—due to a suspected technical glitch. Coinbase resolved this by:
- Canceling all orders at inflated prices.
- Temporarily halting trades until liquidity normalized.
"We maintain strict employee trading policies to ensure fairness. Our team was prohibited from BCH trading weeks in advance."
— Coinbase Official Statement
Why Coinbase Adopted Bitcoin Cash
The decision was based on:
- Network stability and developer support.
- Market demand and trading volume.
- Long-term viability assessments.
FAQ Section
When will BCH trading be fully available?
Full trading (buy/sell) will activate once GDAX achieves sufficient liquidity, expected within 24 hours of the initial launch.
Can I use all supported currencies to buy BCH?
Yes, BCH purchases support USD, EUR, GBP, CAD, AUD, and SGD.
How does Coinbase prevent insider trading?
Employees are restricted from trading new assets like BCH for weeks before and after launch, with audits to enforce compliance.
Blockchain and Hard Forks: A Brief Primer
Bitcoin Cash emerged from a hard fork—a permanent divergence in blockchain protocols. Such splits often address scalability or governance disputes within crypto communities.
👉 Learn more about blockchain technology
Final Notes
Coinbase's BCH integration marks a significant step in mainstream cryptocurrency adoption, despite initial technical hurdles. Users are advised to monitor official channels for real-time updates on trading availability.
Keywords: Bitcoin Cash, Coinbase, cryptocurrency exchange, BCH trading, hard fork, blockchain, GDAX liquidity
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