Early last night, Coinbase announced that they would add support for Bitcoin Cash.

This wasn't new news, but this addition was much earlier than originally expected.

A few months back Coinbase announced that they would be adding support for Bitcoin Cash come January 2018.

Apparently they decided to up the schedule on that by a few weeks.

If you logged into coinbase at any point over the past few days, you likely saw a message that looked something like this:

Like all things in life, it didn't go quite as well as planned...

When Coinbase first opened Bitcoin Cash for trading it immediately shot up in price.

Way up.

Before anyone really knew what happened, Bitcoin Cash was trading around $8,500 per coin.

Yes you read that right, $8.5k!

Oops!

Trading was immediately halted and all orders were cancelled and the books cleared.

In response, Coinbase/GDAX put this message out:

Trading stayed halted for some time before Coinbase could sort things out and get Bitcoin Cash to open more "normally".

There have been several halts since the launch, but Bitcoin Cash is now trading normally on Coinbase and it has seen a massive surge in price over the past 24 hours.

As I type this, Bitcoin Cash is now over $4k while it was trading for around $1600 just a few short days ago.

Most of the altcoin market has been on a tear these past few days, but Bitcoin Cash is even outdoing the others.

Possible Insider Trading?

I would imagine many that knew Bitcoin Cash was going to be added to Coinbase bought in anticipation of this price runup.

In fact, in news out within the last couple hours, Coinbase announced they are investigating reports of insider trading having to do with their launch of Bitcoin Cash.

Coinbase now supports Bitcoin Cash, but the inclusion wasn't without some drama