In what came as a surprise move for many, Coinbase has added Bitcoin Cash (abbreviated as BCH or BCC) with sends and receives being enabled immediately. Buys and sells will be activated in a few hours when there is sufficient liquidity on GDAX.
It was formerly believed that Coinbase would add Bitcoin Cash in January 2018.
Following this announcement, the price and trading volume of BCH has skyrocketed.
Considering Coinbase/GDAX only offered 3 cryptocurrencies previously, this is a significant addition and it will be interesting to see what happens once trading is live on GDAX.
Disclaimer: This article is provided for informational purposes only and should not be taken as investment advice. Please conduct your own independent research before performing any purchase or sale of a cryptocurrency. We currently hold a position in Bitcoin Cash.
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