Breaking Bitcoin News - Coinbase to Support Bitcoin Cash After All!
If you had an account with Coinbase, you received an email aprox July 19, 2017 warning users that they would be:
- Temporarily suspending bitcoin deposits, withdrawals, and buy/sell starting approximately 4 hours before activation of either fork
- If you wish to have access to UAHF coins or you wish to have immediate access to your bitcoin, you should send your bitcoin from Coinbase to your external address by July 31.
Today 08/03/2017, at aprox 5:11PM PST, Coinbase informed users:
"We operate by the general principle that our customers should benefit to the greatest extent possible from hard forks or other unexpected events."
- Now both bitcoin and bitcoin cash remain safely stored on Coinbase.
- Customers with balances of bitcoin at the time of the fork now have an equal quantity of bitcoin cash stored by Coinbase.
Message on Supporting Bitcoin Cash
"Over the last several days, we’ve examined all of the relevant issues and have decided to work on adding support for bitcoin cash for Coinbase customers. We made this decision based on factors such as the security of the network, customer demand, trading volumes, and regulatory considerations.
We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time."