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When Did GDAX Accept Bitcoin Cash?
Aicha Vitalis2024-09-22 11:37:43【chart】0people have watched
Introductioncrypto,coin,price,block,usd,today trading view,Bitcoin Cash (BCH) has been a significant addition to the cryptocurrency market since its inception airdrop,dex,cex,markets,trade value chart,buy,Bitcoin Cash (BCH) has been a significant addition to the cryptocurrency market since its inception
Bitcoin Cash (BCH) has been a significant addition to the cryptocurrency market since its inception in 2017. As one of the leading cryptocurrency exchanges, GDAX (now Coinbase Pro) has played a crucial role in the adoption and trading of BCH. In this article, we will delve into the history of GDAX and explore when did GDAX accept Bitcoin Cash.
GDAX, founded in 2015, was a digital currency exchange that allowed users to trade various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. The platform was acquired by Coinbase in 2016, and since then, it has become one of the most trusted and reliable exchanges in the industry.
When did GDAX accept Bitcoin Cash? The answer to this question is quite interesting. Bitcoin Cash was created as a hard fork of Bitcoin in August 2017. The primary goal of this fork was to increase the block size limit, which would enable the network to handle more transactions and reduce the fees associated with Bitcoin transactions.
GDAX, being a forward-thinking platform, quickly recognized the potential of Bitcoin Cash and decided to support it. The exchange announced its support for BCH on November 2, 2017, just a few weeks after the hard fork. This move was a testament to GDAX's commitment to providing its users with access to the latest and most innovative cryptocurrencies.
When did GDAX accept Bitcoin Cash for trading? GDAX enabled trading of BCH against Bitcoin (BTC) on November 6, 2017. This was a significant milestone for the cryptocurrency market, as it allowed users to trade BCH with ease and convenience. The trading volume of BCH on GDAX was impressive, and it further solidified the exchange's position as a leading platform for cryptocurrency trading.
The support for Bitcoin Cash by GDAX was not just limited to trading. The exchange also provided users with detailed information about the cryptocurrency, including its whitepaper, technical analysis, and market trends. This helped users make informed decisions while trading BCH on the platform.
When did GDAX accept Bitcoin Cash for deposit and withdrawal? GDAX enabled users to deposit and withdraw BCH on November 6, 2017, the same day when trading was launched. This ensured that users could easily manage their BCH holdings on the platform without any inconvenience.
The acceptance of Bitcoin Cash by GDAX was a significant event in the cryptocurrency market. It not only provided users with access to a new and exciting cryptocurrency but also helped in promoting the adoption of BCH as a viable digital asset. GDAX's decision to support BCH was well-received by the community, and it has since become one of the most popular exchanges for trading BCH.
In conclusion, when did GDAX accept Bitcoin Cash? The answer is November 2, 2017, for support and November 6, 2017, for trading, deposit, and withdrawal. GDAX's support for Bitcoin Cash has been instrumental in the growth and adoption of the cryptocurrency, and it continues to be a preferred platform for users looking to trade BCH.
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