Bitcoin Cash fans were very pleased when Coinbase and GDAX announced their support for the BCH a few weeks ago. Unfortunately, it seems that there is also an ongoing investigation into possible insider trading on GDAX in this regard. Finally, the trading of Bitcoin Cash will be effective from 17 January.
GDAX finally integrates the BCH
It's always interesting to see how the main trading platforms support additional crypto-currencies. There are a number of crypto-currencies that are currently not supported by any major exchange. Coinbase remains the reference site for most people looking to buy cryptocurrency with their euros and US dollars.
A few weeks ago, GDAX announced the launch of the Bitcoin Cash trading. Many people were very excited about this announcement, especially because it would allow more people to invest in the BCH. As expected, however, this sudden interest in BCH has resulted in very unusual market variations.
Although this behavior did not go unnoticed, it did not have as much impact on the Bitcoin Cash price. The only drawback, however, was that Coinbase was forced to stop the process and negotiate on GDAX. People have been rather patient about launching BCH trading on GDAX, and it looks like their patience will be rewarded after all.
More specifically, the GDAX Twitter account has announced that Bitcoin Cash trading will be possible from 17 January. This means that we could see an interesting evolution of the market for Bitcoin Cash in the coming days. Many people are still waiting to see if the addition by GDAX will affect the price of the BCH.
The first question that comes to mind is whether or not we will see another attempt to manipulate the price of the BCH. We still do not know who was responsible for the first attempt a few weeks ago, but it was obvious that it was a well-coordinated event, internal to the Coinbase group. At one point, people were trying to buy Bitcoin Cash for over $ 8,000, which was and remains well above the current market value.
Some Bitcoin enthusiasts are already calling for a major BCH discharge when GDAX resumes operations. Whether wishful thinking or an indication of future price manipulation is very difficult to determine at this time. It is obvious that there is some animosity between the Bitcoin and Bitcoin Cash supporters, and some people would gladly harm the fortunes of the other community.
