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Friday, August 4, 2017

GDAX Pledges to Enable Bitcoin Cash Withdrawals By 2018

GDAX Pledges to Enable Bitcoin Cash Withdrawals By 2018

GDAX, the cryptocurrency exchange operated by Coinbase, has announced that it will launch support for Bitcoin Cash (BCC or BCH) sometime later this year.


In a new blog post, GDAX general manager Adam White said that, after initially opting to not support the digital asset that powers the controversial fork of the bitcoin blockchain, the exchange has "examined all of the relevant issues" and decided to add support.


Created this week when a group of miners broke away rom the main bitcoin blockchain, proponents of Bitcoin Cash switched to a new, incompatible software that changed the network's rules, creating two distinct transaction chains.


Though no clear target date was disclosed, White said that GDAX would integrate Bitcoin Cash by January 1, 2018 – though he cautioned that this would only take place "assuming no additional risks emerge during that time."


Full story at http://bit.ly/2huLmmj


Source: CoinDesk


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