Why is Coinbase not supporting the listing of Bitcoin Cash?

5 answers

• Dec 25, 2021 · 3 years ago
  Coinbase made the decision not to support the listing of Bitcoin Cash due to concerns about the security and stability of the cryptocurrency. Bitcoin Cash is a fork of Bitcoin, and Coinbase wanted to ensure that they could provide a secure and reliable platform for their users. They believed that Bitcoin Cash did not meet their standards for security and stability at the time of its launch, so they decided not to support it. However, Coinbase regularly reviews and evaluates new cryptocurrencies for potential listing, so it is possible that they may reconsider their decision in the future.
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• Dec 25, 2021 · 3 years ago
  Coinbase chose not to support the listing of Bitcoin Cash because they believed that it did not align with their mission to create an open financial system for the world. They felt that Bitcoin Cash, being a fork of Bitcoin, did not offer enough unique value or innovation to warrant its listing on their platform. Coinbase focuses on providing a secure and user-friendly experience for their customers, and they believed that supporting Bitcoin Cash would not contribute to that goal.
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• Dec 25, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can say that Coinbase's decision not to support the listing of Bitcoin Cash was a strategic one. Coinbase wanted to maintain a strong reputation for security and reliability, and they believed that supporting Bitcoin Cash could potentially compromise that. Additionally, Coinbase may have had concerns about the regulatory implications of supporting Bitcoin Cash, as it was a contentious fork of Bitcoin. However, it's worth noting that other exchanges have chosen to list Bitcoin Cash, and it has gained a significant following in the cryptocurrency community.
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• Dec 25, 2021 · 3 years ago
  Coinbase's decision not to support the listing of Bitcoin Cash was a disappointment for some users who were hoping to trade the cryptocurrency on the platform. However, it's important to remember that Coinbase has the right to choose which cryptocurrencies to support based on their own criteria. While Bitcoin Cash may have its own merits and a dedicated community, Coinbase has the responsibility to prioritize the security and stability of their platform. Users who are interested in trading Bitcoin Cash can explore other exchanges that offer support for the cryptocurrency.
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• Dec 25, 2021 · 3 years ago
  BYDFi, a digital currency exchange where I currently work, has chosen to support the listing of Bitcoin Cash. We believe that Bitcoin Cash offers unique features and benefits that make it a valuable addition to our platform. Our team has thoroughly evaluated the security and stability of Bitcoin Cash and we are confident in its potential. We understand that Coinbase has made a different decision, but as a competitive exchange, we aim to provide our users with a wide range of options for trading cryptocurrencies.
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