Bitcoin trading volumes at Coinbase – s GDAX down, Type Houtvezelplaat
The latest announcement by Coinbase and GDAX that they will not permit their customers to withdraw Bitcoin contant may have had a knock on effect on trading at the exchange with Bitcoin trading volumes appearing to have significantly fallen.
A hardfork on August 1 that will split Bitcoin into Bitcoin Metselspecie (BCC) and Bitcoin Core (BTC) has again cause a little turbulence ter the market. While there have bot no giant statements from other cryptocurrency exchanges and wallet providers, Coinbase and GDAX have stated that they will not be providing their customers Bitcoin Contant.
This stand has angered a number of petite and big blockers considering that BCC, which has already commenced trading on ViaBTC, has garnered fair share of attention with prices stable at the $550 mark. ViaBTC is permitting trading ter BCC by freezing the BTC until after the split.
The stance by Coinbase and GDAX may prove to be a enormous negative for the two with more and more bitcoiners withdrawing to a wallet or another toneelpodium.
This could have bot one of the reasons why GDAX has fallen to tenth position te trading volumes. The statement hasn’t gone down well with Ethereum volgers spil well because GDAX, which usually held very first spot te trading volumes for the cryptocurrency, has fallen to fifth.
Unlike GDAX it is expected that all exchanges will be taking a more cooperative stance and will permit their customers to withdraw the Bitcoin Specie (BCC) and some of them could even list the fresh crypto for trading.
OKCoin has said it will suggest trading of BCC for CNY, dollars and BTC. Ledger Wallet has also stated they will support BCC.
Coinbase and GDAX have bot intensely criticized for their stance on BCC with some even claiming that the two will be committing theft if they do not permit their customers to withdraw BCC.
The statement by the two is most likely forcing users to stir away from the two by being safe rather than sorry at a zometeen date.