news & articles

Your go to place to stay updated with the latest news and fun articles from the finance and crypto worlds.

ALERTS | ICOS | STOCKS | CRYPTOS | OPINIONS

© Copyright GGG Inc.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

GDAX Starts BCH Trading, Users Angry About Focus

GDAX begins BCH trading with few issues, except angry users waiting for SegWit implementation.

GDAX has started trading Bitcoin Cash (BCH) this morning as of 9 AM PST, with little fanfare. The status update page for GDAX indicated that all initial testing had concluded as of 11:25 AM, with full functionality being restored.

Bitcoin Cash Updates

The addition of BCH on GDAX follows the addition of the hard fork coin on the Coinbase site, which saw the price of BCH rocket to new all time highs. While Coinbase owns GDAX, they are not the same entity. Since the announcement, Coinbase has made no further promises of future additions, however.

The price of BCH responded strongly, with increases on the day around 12%. At press time, the coin was trading at $1742.

Bitcoin Cash Charts

Wrong focus?

However, the cryptocurrency community was not particularly thrilled with the news, given the slowness of GDAX to implement the SegWit protocol. For example, Jameson Lopp, an engineer at BitGo, tweeted:

Coinbase had made promises regarding SegWit integration at the end of last year, but have been slow in actually fulfilling them. SegWit would allow for cheaper and faster transactions. Other services are also slow in adding SegWit support, including Blockchain and Gemini.

Others responded to the news tweet in like manner. User Chris Given replied:

No Comments

Post A Comment