"Bitcoin Cash" Finds Ultimate Support From Major Exchanges

"Bitcoin Cash" Finds Ultimate Support From Major Exchanges

Bittrex, Bitfinex and Kraken are among the largest exchanges that support Bitcoin Cash now.

ViaBTC, the Chinese exchange that's been the main proponent for bitcoin cash, tweeted at 4:03 a.m. that it temporarily suspended withdrawals due to a " transaction malleability attack" on the bitcoin cash network.

But as tends to happen in the insane world of virtual currencies, the price dropped as quickly as it rose, falling by more than 50 per cent to trade under $288 at one point on Friday.

"From an investor's point of view, we invested in Coinbase because they have made a voluntary commitment to be regulated", Schuler said, "and to focus on being trusted and safe - as safe as you can be in an experimental environment like this". Users will only be able to withdraw Bitcoin Cash from their wallets and that feature is not expected to be offered soon. Bitcoin cash removed compatibility with a more popular Segregated Witness upgrade proposal and expanded the size of the block - which limits the speed of transactions in the digital currency - from bitcoin's 1 megabyte to 8 megabytes. Adding new digital assets to Coinbase must be approached with caution.

"Our goal is to be the safest, most trusted and compliant, and easiest to use".

Most notably, CBOE, the largest options exchange in the US, has announced a partnership with Gemini and announced its plans to integrate bitcoin futures and options to target institutional and retail investors.

Our top priority is the safety of customer funds and we spend extensive time designing, building, testing and auditing our systems to ensure that the digital assets we support remain safe and secure.

Some leading bitcoin exchanges including USA -based Kraken and South Korea's second largest bitcoin exchange Korbit support BCH/BTC trading and offer wallet services. Some predicted the price of bitcoin to rapidly decline amidst rising uncertainty in Bitcoin Cash and the two bitcoin blockchains.

For now, Coinbase users can rest assured that both their original Bitcoin and their Bitcoin Cash will be held safely in their account until they decide to either move it, or save it until the first of the year.

Others were concerned that Coinbase would secretly keep the bitcoin cash that was generated on Tuesday. "We have made this decision because it is hard to predict how long the alternative version of bitcoin will survive and if Bitcoin Cash will have future market value", David Farmer, director of business development, wrote.

"It's been a record week for Blockchain", said a spokesperson for the company. "But slowly and surely, it's becoming institutionalized".