GDAX stopped trading Bitcoin Cash (BCH) just a few hours after the start of trading. opening order books for his new asset. Coinbase has added BCH to its platform, but currently only lets customers send and receive cryptocurrency. The platform plans to activate / sell soon, depending on BCH's performance on GDAX.

The exchange released a statement on Twitter last night with timestamped updates, explaining that they had suspended trading BCH-USD (the only Bitcoin Cash Trading Pair Enabled until 39th April). now) at 17.22 PST due to "significant volatility". The exchange explained that the decision to stop the negotiation was made "to ensure a fair and orderly market."

Update on #BCH trading on GDAXhttps: //t.co/p3cEx0ryh7 pic.twitter.com / NyGUTVFL91 – GDAX (@GDAX) December 20, 2017

According to data from the data provider CoinMarketCap, the last listed price of Bitcoin Cash before the deactivation of trading was nearly $ 9,000, an increase of more than On their own Twitter, Coinbase informed users last night that they were going to allow the buy / sell feature for BCH in their application and their web version as soon as "there will be enough cash on the BCH". GDAX, "believing that this would happen somewhere today.

Update on #BCH trading on GDAXhttps: //t.co/p3cEx0ryh7 pic.twitter.com/NyGUTVFL91 – GDAX (@GDAX) December 20, 2017

Possible reason for the stop

In addition to GDAX of the official explanation of the stop of the trade, one of the possible reasons for this sudden interruption, is the sudden influx of users to the exchange, which probably put the platform to the test.

This may be due to the fact that Bitcoin Cash is a hard range of Bitcoin – Coinbase users who were holding Bitcoin when the hard range took place in August automatically received the equivalent in Bitcoin Cash when the platform started to to endure it.

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As soon as Coinbase has added BCH, greedy users of new capital have entered the trading platform of the stock exchange Coinbase's decision to allow trading of Bitcoin Cash on its platform was taken after months of studies and monitoring of cryptocurrency market performance and other developments. Since its inception in August, Bitcoin has become the third largest digital currency in terms of market capitalization.