Bitcoin Cash (BCH) added to Coinbase, trading enabled on GDAX

It was announced today that Global Digital Asset Exchange (GDAX) has enabled Bitcoin Cash (BCH) trading. GDAX is owned by San Francisco-based digital asset exchange Coinbase. Not long after GDAX announced, Coinbase informed users they will be able to buy, sell, send and receive Bitcoin Cash on Coinbase as well.

The BCH token was announced to the GDAX platform late afternoon Pacific time. The exchange said that BCH order books are currently in post-only mode.

New maker orders will be accepted, but no matches will occur. Regular trading will be enabled shortly.

Adam White, GDAX

Adam White, GM of GDAX said:

“We made the decision to list BCH by considering such factors as customer interest, developer support, network security, market capitalization, trading volume, and our Digital Asset Framework.”

The following order books have been created and will remain in post-only mode until there is sufficient liquidity for trading:

BCH–BTC
BCH–USD
BCH–EUR

Bitcoin Cash was created by a fork of the Bitcoin network on August 1st, 2017. All customers who held a bitcoin (BTC) balance on GDAX at the time of the fork have been credited an equal balance of Bitcoin Cash (BCH) in their GDAX account. BCH balances reflect users BTC balance at the time of the Bitcoin Cash fork, which occurred on August 1, 2017, at 13:20 UTC (block #478559).

BCH has doubled in price within the last 24-hours. A couple of days ago, Bitcoin payments company BitPay announced it would add support for processing multiple chains, starting with Bitcoin Cash.