Coinbase will Support Bitcoin Hard Forks in the Coming Months

Coinbase announced its intention to support Bitcoin hard forks in Coinbase products in the coming months.

This change will allow customers to  easily withdraw the resources associated with Bitcoin forks on all their products. The company specifies that it is not announcing support for specific activities at this time. The specific resources they will support will always be declared on their website.

GDAX – will build an infrastructure to support the withdrawal of Bitcoin Forks for assets stored on GDAX at the fork. Adding  support for a bitcoin fork does not mean that the asset will be added for trading. The quoted assets for trading will be assessed independently using the Digital Asset Framework.

Custody – will build an infrastructure to support Bitcoin hard forks. Custody will probably support more hard fork than GDAX or Coinbase for the foreseeable future.

Index Fund: According to the index methodology, all the forks assets available for trading on GDAX will be added to the Coinbase Index on a reasonable basis for market capitalization. All the forked assets  with withdrawal only, not added to GDAX for trading, will not be added to the index.

Coinbase – early infrastructure to support the withdrawal of Bitcoin forks held on the platform at the fork. The company will list only the fork-targeted resources for trading after being listed for trading in GDAX. It is also worth repeating that the listing on GDAX does not guarantee the listing on Coinbase.

Commerce: Commerce customers control and manage their private keys and Coinbase does not control access to fork resources. There is no plans to support these new resources in the Commerce user interface.

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