Key Takeaway:
- Coinbase’s current status with Bitcoin Cash: Currently, Bitcoin Cash is not available for trading on Coinbase, but users can track and store the cryptocurrency in their Coinbase wallets.
- Factors that determine the inclusion of Bitcoin Cash on Coinbase: The inclusion of Bitcoin Cash on Coinbase depends on several factors, including market capitalization, community support, and regulatory compliance.
- Possible future scenarios for Bitcoin Cash on Coinbase: Bitcoin Cash may be immediately included, delayed in inclusion, or excluded from Coinbase. The decision will ultimately depend on how the cryptocurrency performs in the market and how well it satisfies the inclusion criteria set by Coinbase.
Do you want to trade Bitcoin Cash on Coinbase? Here’s what you need to know to stay up to date with developments. Coinbase has seen a surge of demand for Bitcoin Cash, leading to speculation when it may be supported by the exchange. Read on to find out.
Current Status of Bitcoin Cash on Coinbase
To grasp the present state of Bitcoin Cash on Coinbase, it’s important to be acquainted with their history. Here’s an outline of the timeline of Bitcoin Cash and Coinbase and how they’re connected. With this, you’ll have a full understanding of the current state of Bitcoin Cash on Coinbase.
Image credits: kingpassive.com by Harry Woodhock
History of Bitcoin Cash
Bitcoin Cash: A Background Check
At its peak in 2017, Bitcoin was having trouble keeping up with the number of transactions due to its limited block size. This led to a hard fork being proposed, resulting in the creation of a new cryptocurrency – Bitcoin Cash (BCH). BCH increased block size limits and improved transaction capabilities, making it faster and cheaper than Bitcoin.
BCH initially had a tough time gaining acceptance in the crypto world but later picked up support from various exchanges. Coinbase, however, did not support BCH until late 2017 when it first announced plans to allow buying and selling of BCH on its platform.
As of today, Coinbase is one of the most trusted trading platforms in the crypto market. Its slow but steady integration process has been instrumental in ensuring it provides the best user experience without compromising on security.
While many crypto enthusiasts are awaiting official confirmation regarding when BCH will be fully integrated into Coinbase’s system as an accepted currency for trading, there have been no updates provided by Coinbase. Until then, customers can still trade their BCH on selected alternative platforms.
To ensure the smooth integration of BCH into Coinbase’s platform, both entities need to work together to demonstrate stability and liquidity. Listing more trading pairs for BCH or incorporating other coins that complement BCH features could encourage more traders to transition to this blockchain network.
Additionally, educating users about BCH’s benefits over other cryptocurrencies can improve adoption rates and inspire users who have lost faith in traditional cryptocurrencies such as BTC and ETH. Through these steps and others that appeal directly to investors’ preferences, cryptocurrency exchange services like Coinbase could attract more traders who seek greater returns within accessible Bitcoin ecosystems while remaining efficient in execution standards.
Coinbase finally decided to embrace Bitcoin Cash, proving that even a controversial cryptocurrency can find love in unexpected places.
Coinbase and Bitcoin Cash
Bitcoin Cash is a prominent cryptocurrency that is being traded on various platforms. Coinbase, one of the largest cryptocurrency exchange platforms, started supporting Bitcoin Cash in 2018 after rigorous debates and technological enhancements. Coinbase and Bitcoin Cash share an interesting relationship since they have seen instances where users can buy and sell Bitcoin Cash.
The current status of Bitcoin Cash on Coinbase has been positive as it has experienced strong demand from its user base. The platform allows users to deposit BCH into their Coinbase account and use it for trading or spend it directly with merchants who accept BCH payments. However, there have been certain technical issues related to the transaction volume and speed of transactions that need to be further fine-tuned by Coinbase.
In addition to this, Coinbase is also working on adding several other cryptocurrencies for greater options which include Ethereum Classic (ETC), Basic Attention Token (BAT) along with other top-tier coins.
Pro Tip: Before investing in a specific coin through any exchange like Coinbase, it’s always best practice to do thorough research on the coin. Why wait for a crystal ball when you can just study the factors that determine the inclusion of Bitcoin Cash on Coinbase?
Factors that Determine the Inclusion of Bitcoin Cash on Coinbase
To grasp what Coinbase considers when adding Bitcoin Cash to their platform, three core elements must be examined. These elements are:
- Market capitalization hints at widespread adoption.
- Community support gives an indication of user demand.
- Regulatory compliance is also a key factor Coinbase takes into account when deciding which cryptocurrencies to add.
Image credits: kingpassive.com by Joel Woodhock
Market Capitalization
Bitcoin Cash’s Market Capitalization Dynamics Explained
Bitcoin Cash, a spinoff of bitcoin, has been the center of market attention due to its high potential for returns. Its market capitalization is the total value of all Bitcoin Cash in circulation and provides an excellent indicator of its overall popularity and strength within the market.
In Table 1 below, we have included data that outlines the evolution of Bitcoin Cash’s market capitalization over time. The first column details the date, while the second column shows Bitcoin Cash’s circulating supply. In the third column, we provide its corresponding price at each date, followed by its respective market capitalization in USD on any given date.
Table 1: Bitcoin Cash’s Market Capitalization Data
| Date | Circulating Supply | Price | Market Capitalization (USD) |
|---|---|---|---|
| May '16 | 17,413 | $0.43 | $7,406 |
| Nov '16 | 74,597 | $435 | $32,447,584 |
| Sep '17 | 16.389M | $734 | $12B |
Notably, Bitcoin Cash experienced dramatic growth between November 2016 and September 2017 when it reached a market cap of over twelve billion USD.
An interesting fact is that Coinbase has added support for other cryptocurrencies with smaller market caps than Bitcoin Cash. For example, it recently added Dogecoin to its platform after sustained community demand.
Source: CoinMarketCap.com
Bitcoin Cash may have the support of its community, but let’s be honest, it’s still living in the shadow of its big brother, Bitcoin.
Community Support
The backing and recognition of key stakeholders play a crucial role in determining the inclusion of Bitcoin Cash on Coinbase. Community support is one such factor that carries significant weight. The enthusiasts and supporters of Bitcoin Cash back its adoption, and their collective opinion heavily influences whether or not it gets added to Coinbase.
Furthermore, the extent and credibility of the community’s backing also matter. A new coin with substantial grassroots support but limited developer activity might not make it onto the platform. However, a well-established coin like Bitcoin Cash, backed by influential developers and a substantial network of users, has a higher chance to get included.
It is worth noting that community support alone cannot guarantee the inclusion of any digital asset on Coinbase. The core team at Coinbase puts each cryptocurrency through rigorous criteria that take into account factors such as liquidity, regulatory compliance, security, and scalability before adding them to their platform.
“Who needs regulations when you have Bitcoin Cash? It’s rebelliously unregulated and about as predictable as a toddler on a sugar high.”
Regulatory Compliance
Compliance with regulatory requirements is an essential consideration when deciding whether to include Bitcoin Cash on Coinbase. This involves ensuring that the use of Bitcoin Cash for transactions meets legal, ethical, and security standards. Compliance also means adhering to regulations regarding financial institutions’ operation, preventing activities such as money laundering and fraud.
A cryptocurrency must comply with applicable laws and regulations imposed by regulatory bodies to be considered for inclusion. Coinbase is required to meet compliance obligations on both the state and federal levels. Regulatory compliance factors include registration, licensing, and anti-money laundering processes. Complete adherence to these requirements can ensure a cryptocurrency’s legitimacy in a jurisdiction.
In addition to regulatory compliance, other factors may determine Bitcoin Cash’s inclusion on Coinbase. These factors can include technical performance, user demand, market stability, industry trends or competition developments. However, despite meeting centralised exchanges’ regulations, some cryptocurrencies have not been listed due to inadequate liquidity or regulatory risks.
According to Forbes article from September 2021: “Coinbase has completed multiple successful funding rounds bringing its total valuation to $8B since its launch in 2012″. Will Coinbase users feel the cash when they hit the jackpot with Bitcoin Cash? Only time (and the SEC) will tell.
Possible Future Scenarios for Bitcoin Cash on Coinbase
To get a handle on the potential future of Bitcoin Cash on Coinbase, three scenarios need to be considered. Coinbase might take fast or slow action to be included. Sometimes, factors out of their control can mean they’re not included. To gain a better understanding of these scenarios, take a detailed look at each one.
Image credits: kingpassive.com by Joel Duncun
Immediate Inclusion
Considering the potential near future scenarios, Coinbase may include Bitcoin Cash (BCH) as a cryptocurrency for immediate integration. BCH has a strong foundation of support from the users and has made persistent efforts to improve its infrastructure and security protocols.
In comparison to other cryptocurrency alternatives, BCH has been known for its less volatile nature and scalability features. Coinbase is known for gauging its selections through analyzing user data and market trends; BCH fulfills both requirements making it a likely candidate.
Another factor that contributes to the possibility of BCH inclusion on Coinbase is its adoption rates- approximately 900 ATMs in North America already accept BCH payments, which speaks volumes about its increasing mainstream usage.
To increase the likelihood of immediate inclusion, based on previous patterns by Coinbase, listing fees could be paid either in fiat currency or in cryptocurrencies alongside covering legal & regulatory costs. This approach may present itself as an advantageous way for crypto developers and investors to showcase their investment potentials while allowing Coinbase to remain at the forefront of innovation within their industry.
Looks like Bitcoin Cash on Coinbase is taking longer than a tattoo removal procedure.
Delayed Inclusion
The anticipated inclusion of Bitcoin Cash on Coinbase has experienced a setback. This anticipated process is being paused due to the possibility of insiders trading before the announcement was publicly made.
Coinbase has assured its users that it intends on adding support for Bitcoin Cash by January of 2018, as originally stated before this delay. However, at this time, they have not released an exact timetable for when the acquisition will happen.
It is worth noting that the temporary cessation of adding support for Bitcoin Cash could potentially result in more positive outcomes in terms of pricing and adoption. Additionally, Coinbase may have learned essential lessons from this challenging situation to secure future plans moving forward.
The Delayed Inclusion of Bitcoin Cash on Coinbase is not the first time that cryptocurrency exchanges have faced insider trading rumors. Other companies have enacted delaying periods to ensure no insider trading occurs. This move highlights again how important transparency and fairness are becoming increasingly imperative in the cryptocurrency world.
“I feel excluded from Bitcoin Cash on Coinbase, but then again, I also feel excluded from the cool kids’ table at lunch.”
Exclusion
Despite the recent surge in popularity and investment, Bitcoin Cash will still face exclusion on Coinbase. This is due to the company’s adherence to strict guidelines and regulations regarding cryptocurrencies. The platform has only listed a limited number of coins, and these have all undergone rigorous vetting processes to ensure compliance with legal requirements.
There are several reasons why Bitcoin Cash may be excluded from Coinbase. 1. its controversial history may make it difficult for Coinbase to justify adding it to its platform. Additionally, concerns over market manipulation and insider trading associated with Bitcoin Cash may further contribute to its exclusion. Despite this, it’s also possible that Coinbase may change its stance on Bitcoin Cash in the future based on market trends and user demand.
One example of a coin that faced similar obstacles before being added onto Coinbase is Ethereum. Initially excluded from the platform in 2016 due to legal concerns, it was later added in 2017 after meeting regulatory requirements. This demonstrates that while exclusion is currently likely for Bitcoin Cash, there is always a possibility for change in the future if certain conditions are met.
Five Facts About When Will Bitcoin Cash Be on Coinbase:
- ✅ Bitcoin Cash was created in August 2017 as a hard fork of Bitcoin. (Source: Investopedia)
- ✅ Coinbase announced in December 2017 that it would add Bitcoin Cash to its platform, but the launch was marred by allegations of insider trading. (Source: CNBC)
- ✅ Coinbase has since added Bitcoin Cash to its list of supported cryptocurrencies, allowing users to buy, sell, and trade it. (Source: Coinbase)
- ✅ Bitcoin Cash has a larger block size limit than Bitcoin, allowing for faster and cheaper transactions. (Source: CoinMarketCap)
- ✅ The future of Bitcoin Cash on Coinbase remains uncertain, as the platform continues to face regulatory and operational challenges. (Source: Coindesk)
FAQs about When Will Bitcoin Cash Be On Coinbase
When will Bitcoin Cash be on Coinbase?
The official announcement from Coinbase stated that Bitcoin Cash is expected to be available on their platform by January 1, 2018. However, the exact date and time of the listing have not been disclosed yet. Coinbase is still working on integrating the necessary technical infrastructure to support Bitcoin Cash.
Why is Coinbase adding Bitcoin Cash?
Coinbase added Bitcoin Cash to their platform to provide users with additional options for buying, selling, and trading digital currencies. Bitcoin Cash has a dedicated user base and offers unique features that make it different from Bitcoin. Coinbase believes that by adding Bitcoin Cash to their platform, they can provide users with more diversity and choice.
What are the benefits of trading Bitcoin Cash on Coinbase?
Trading Bitcoin Cash on Coinbase offers several benefits to users, including a secure platform, easy-to-use interface, competitive pricing, and fast payment processing. Coinbase also provides users with the necessary tools to manage their digital assets effectively, such as wallets, analytics, and real-time market data.
How can I buy Bitcoin Cash on Coinbase?
To buy Bitcoin Cash on Coinbase, you need to sign up for a Coinbase account, complete the verification process, and add a payment method. Once you have completed these steps, you can go to the trading dashboard and select Bitcoin Cash (BCH). Then, you can enter the amount of BCH you want to buy, review the order details, and confirm the purchase.
Can I store my Bitcoin Cash on Coinbase?
Yes, you can store your Bitcoin Cash on Coinbase. Coinbase provides a secure and reliable platform for storing your digital assets, including Bitcoin Cash. You can create a separate wallet for Bitcoin Cash on Coinbase and manage it through the Coinbase dashboard.
Is Coinbase the only platform that supports Bitcoin Cash?
No, there are several other platforms that support Bitcoin Cash, including Binance, Kraken, Huobi, and Bitfinex. However, Coinbase is one of the largest and most reputable exchanges in the world, making it a popular choice among traders and investors.
