Coinbase Exchange To Support Withdrawal Of Bitcoin Forks

[Jillkill]

Coinbase announced that it will support the withdrawal of Bitcoin forks across Coinbase products in the coming month,  a Coinbase Medium post stated April 5.
https://blog.coinbase.com/adding-support-for-bitcoin-forks-to-coinbase-c4bee020898c

While the exchange announced that this will make the withdrawal of assets associated with Bitcoin forks more convenient, Coinbase stresses that they are not announcing trading support for any specific assets at the time. Coinbase has no plans to support new forked assets in Coinbase Commerce.

Support for the explicit withdrawal of Bitcoin forks will also be provided on GDAX. Coinbase Custody will also build infrastructure to support the withdrawal of Bitcoin Forks.

Hard forks in digital currency are created via forks of the Blockchain rules, sharing  a transaction history up to a certain time and date. Major Bitcoin forks are: Bitcoin Private (BTCP), Bitcoin Cash (BCH), and Bitcoin Gold (BTG).

[Slow death]

if poloniex and bittrex do the same thing, then many people will stop using yobit and this may be good, although poloniex and bittrex do not respond or take a long time to respond to support tickets, they are still better than yobit. Another point is that these forks are a joke, they use slogan of D. trump only modify some things, there are weird developers who seem to want to get a lot of profit with this hard fork... but how is money free so we can accept, I sell soon that they reach the peak because afterwards they fall and become useless

Coinbase stresses that they are not announcing trading support for any specific assets at the time.

Of course they will not list jokes.

[TryNinja]

-snip-

Yobit accepts every shitcoin if they pay enough. They also tend to credit their users with a lot of Bitcoin shitforks. And that's why people keep using and holding their coins with them even after all the shady stuff they have done.

Coinbase will only support legit coins with a potential future.
Not every shitcoin can show at Coinbase. https://www.gdax.com/static/digital-asset-framework-2017-11.pdf

[Jillkill]

if poloniex and bittrex do the same thing, then many people will stop using yobit and this may be good, although poloniex and bittrex do not respond or take a long time to respond to support tickets,

True I agree with you, Yobit isn't good at all but anyway patience is a virtue, let's wait and see what happens with Poloniex and Bittrex

[Sithara007]

-snip-

Yobit accepts every shitcoin if they pay enough. They also tend to credit their users with a lot of Bitcoin shitforks. And that's why people keep using and holding their coins with them even after all the shady stuff they have done.

Coinbase will only support legit coins with a potential future.
Not every shitcoin can show at Coinbase. https://www.gdax.com/static/digital-asset-framework-2017-11.pdf

Like it or not. Yobit was one of the very few exchanges which credited their users with all the major Bitcoin forks till now. Coinbase was originally planning to keep the forked coins for themselves, but someone from Miami threatened to file a lawsuit against them and therefore they had to change their plans.

[Jillkill]

-snip-

Yobit accepts every shitcoin if they pay enough. They also tend to credit their users with a lot of Bitcoin shitforks. And that's why people keep using and holding their coins with them even after all the shady stuff they have done.

Coinbase will only support legit coins with a potential future.
Not every shitcoin can show at Coinbase. https://www.gdax.com/static/digital-asset-framework-2017-11.pdf

Of course coinbase will take time to list coins it feels are legit but they won't be rigid like in the past. In the past it seemed to me that coinbase would have only about a handful of crypto assets supported in it's platform but times are changing. With the likes of Binance, Huobi and Kucoin storming the cryptomarket. The old exchanges have to act a like quicker and adapt. I recently read an article about coinbase's plans to start support for ERC20 tokens.

https://cointelegraph.com/news/coinbase-paves-way-for-new-altcoin-support-with-erc20-upgrade?

[Sir mikolo]

Coinbase got itself into a heap of trouble with investors last year for a botched rollout of Bitcoin Cash. Investors claimed it involved insider information, giving the company’s internal staff an advantage over them and leading to class-action lawsuits against the exchange. This time around, Coinbase states clearly that it’s following protocol, saying:
“We are announcing this both internally and to the public as consistent with our process for adding new assets.”

[Mike1992]

Coinbase is the parent company of several subsidiaries, most of which will support Bitcoin Fork withdrawals. The company outlined the approach that each of its businesses will take to support Bitcoin Forks.
Coinbase Custody – It will develop infrastructure to support Bitcoin Forks. The company said that Coinbase Custody will likely support a greater number of forked assets versus its GDAX or Coinbase platforms.
GDAX will similarly develop the infrastructure to support Bitcoin Forks for assets that are kept on this platform when the fork occurs. They remind you that adding support for withdrawals doesn’t extend to trading the asset.
Coinbase Index Fund – Coinbase has an index fund, which gives investors exposure to the coins listed on GDAX. It’s open to accredited US investors and it will support Bitcoin Fork withdrawals. Assets are added to the index on a market-cap weighted basis, similar to the S&P 500 index for stocks

[Mikolo11132]

Coinbase – It “anticipates infrastructure to support the withdrawal of Bitcoin Forks for assets held on the platform at the time of the fork.” Coinbase reminds traders it will only list assets on the platform once they’re added to GDAX and just because a coin is listed on GDAX doesn’t mean it will necessarily be supported on Coinbase.
Coinbase Commerce – This is a private-key fueled payments platform and therefore the merchant is control of the assets.

[squatz1]

Well, coinbase isn't going to turn into the shitty exchanges, so they're only going to accept forks which are just shitty attempts for people to make a few bucks. The only forks they're going to accept is the top ones, I hope people know GDAX isn't going to support tons of random forks -- selling and buying wise.

This is (probably) just giving people access to their private keys so they can withdraw from these random forks. I wouldn't do it, but some people like to risk everything for a couple bucks.

[mattmct]

Wow,  this is a great news,  they kept to thier word as promised that they would give everyone who owns a coin the bch equivalent by 2018 , this is a good news to my American brothers who left thier BTC in colonnade when the fork took place,  it's also a good news to those that don't even know that they was a fork going on in the Blockchain August 2017.