Coinbase to Let Users Withdraw Funds from Bitcoin Forks
Cryptocurrency startup Coinbase said Thursday that, te the coming months, it will let customers withdraw funds resulting from forks of the bitcoin network.
Te a blog postbode, the startup announced that it wasgoed adding withdrawal support for the forks, however the postbode did not announce a stiff timeline.
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“This switch will permit customers to more lightly withdraw assets associated with Bitcoin Forks across all Coinbase Products,” the startup wrote, adding:
“Spil always, wij look at technical, operational, and judicial considerations when determining which Bitcoin Fork assets to support and will always state on our webstek which particular assets are supported.”
That being said, Coinbase noted it wasgoed “not announcing support for any specific assets at this time.”
Ter the announcement, Coinbase explained that it will work to support future bitcoin forks on its Coinbase Custody product, adding that this toneel “will likely support more forked assets than GDAX or Coinbase for the foreseeable future.”
GDAX, its digital assets exchange, will permit customers to withdraw bitcoin forks, but not trade them. Similarly, Coinbase’s basic toneel will also permit customers to withdraw the forked assets but without enabling trades. Further, the startup noted that an asset may be added to GDAX te the future without being added to Coinbase.
Coinbase Commerce, a merchant-focused service it unveiled te February, will not support any forked assets, and the Coinbase Index Fund will not list any assets that are not available on GDAX for trading, according to the statement.
Te a separate announcement on Thursday, the startup unveiled a fresh early-stage venture fund that will provide financing to companies working with the technology.
“At least te the beginning, our aim is simply to help the most compelling companies ter the space to flourish,” Coinbase said.
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