Bitcoin Cash support added on Coinbase, the currency jumps +70%

Coinbase, one of the most popular cryptocurrency exchanges, is now finally supporting Bitcoin Cash. One can already use third-party converters to add Bitcoin Cash on the wallet. And what’s even better for those who did not invest in Bitcoin just yesterday, one can receive an equal amount of Bitcoin Cash if one held Bitcoin on Coinbase on August 1 — when that hard fork which created BCH happened.

Previously, the exchange made a rather vague announcement about the support of SegWit, the protocol critical for Bitcoin Cash’s support, and there were many speculations that Coinbase is going to add Bitcoin Cash. They turned out to be true. Although Bitnewstoday warned the readers that in the crypto exchange world, nobody is obligated to do anything and they might just add transactions without any coin giveaways, but the reality turned out to be better than we thought. This message is shown to any user logging in today (December 19 in America, beginning of December 20 in Russia):

Meanwhile, GDAX also made the decision to support Bitcoin Cash, and the combination of two powerful exchanges played a primary role in the following price jump of this cryptocurrency towards $3550 per coin (yesterday it was around two thousand). Simultaneously with all this, Bitcoin falls down to $16,000 from values around $20,000, which is not a big deal for those who are either familiar with the cryptocurrency volatility (it can become a lot more than 20,000 in the following years, as experts suggest) or invested during values so low that their assets will not be harmed by this drop at all.

And, lastly, there has already been messages in some outlets that Coinbase “removed” the BCH trade option after adding its support, but if those reporters read the message above, they would not write this. Buys and sells will be available only tomorrow.