Coinbase has announced the resumption of operations with Bitcoin Cash. The trading platform plans to start operations with this cryptocurrency within the next two days, the exchange said in a statement on Twitter.
The company wants to resume transactions with BCH on all its platforms, including Coinbase Pro, Prime and Coinbase.com! Investors will be able to make transactions on mobile devices based on iOS and Android.
After the completion of the hard fork, two chains were formed in the Bitcoin Cash network, one of which broke off and subsequently became A separate bitcoin SV (BSV) cryptocurrency. In the near future, the exchange will allow its users to withdraw funds to BSV, but now transactions for the purchase and sale of this digital asset are not served.
“We plan to update the software and allow BSV output, but the update process can take several weeks. As soon as new information comes, we will present it immediately,” the press service of Coinbase stressed.
Fork in the network of the BCH was held on 15 November of the current year. After updating the Bitcoin Cash software, Coinbase specialists continue to analyze the cryptocurrency network for its security and performance.One of the forks of Bitcoin ABC received the designation BCH, the administration of Coinbase decided to use the same designation in its operations. The exchange has already started to service transactions with this fork. At the moment, operations are available on Coinbase Pro and Prime platforms.
Sending and receiving funds are made offline. Transactions will become regular only after the company is convinced of the reliability of the blockchain project. It is expected that the process will end approximately at the end of next week, the company added.
Earlier it was reported that the crypto exchange Coinbase suspended operations with Bitcoin Cash on November 15 before the update on the crypto currency. Sending and receiving funds was not possible on all platforms, including Coinbase Pro, Prime and the asset storage service.
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