Coinbase re-enables sends/receives of BCH on various Coinbase platforms
According to an update of the Bitcoin Cash Hard Fork on the Coinbase blog, the exchange has re-enabled sends/ receives of Bitcoin Cash (BCH) on various Coinbase platforms such as Coinbase Prime, Pro, Coinbase.com, Coinbase app on iOS, and Coinbase app on Android.
In the next two days, the firm will announce the full BCH trading and functionality which includes buys/sells on the platform as expected.
After the Bitcoin Cash Hard Fork and concluding the hash war, Bitcoin SV has confirmed the creation of a new coin BSV.
However, customers will not be allowed to trade, buy or sell the crypto asset until announced by Coinbase on a later date.
Since development work for BSV is taking place, withdrawals of the virtual currency may take a few weeks to begin or maybe even more. Additional updates will be provided by the company as and when they are available.
According to their previous update, BCH ABC retained the ticker BCH and the firm will also adopt the same. This is in regard to the fact that ABC has a higher hash rate and a longer proof-of-work chain.
The company has now resumed trading in BCH. However, sending and receiving of the asset will not be online since safety to re-enable trading has not yet been confirmed.
“We will continue to evaluate the safety of the BCH SV chain. Our current intention is to support withdrawal services for the BCH SV chain so that our customers may withdraw funds at a future date. We anticipate this development work will take at least a few weeks but may take longer. We will communicate directly with customers that hold BCH and notify them when we complete this work and they can withdraw funds from the BCH SV chain,” said Coinbase on an earlier note.
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