Coinbase's GDAX Professional Trading Platform announced the establishment of a SegWit (Segregated Witness) support for Bitcoin transactions in a blog published Friday, February 23.

The platform characterizes the SegWit technology as "a step forward in the development of Bitcoin" and promises of support for SegWit transactions will be made available to 100% of their customers "on the days to come" . Coinbase announced Feb. 20 that the SegWit tests on the platform were complete and that they had begun a "soft launch", which Friday's announcement of GDAX is obviously a part, with the # The goal is to provide 100% support to all customers this week

SegWit technology is designed to reduce transaction times and costs on the Bitcoin network. Many popular Bitcoin exchanges and services have been plagued by network congestion of inefficient use of block space, a problem that SegWit seeks to solve, resulting in widespread frustration among customers.

The latest version of Bitcoin Core, which was released for public release on February 15, introduced full SegWit support for the first time. A few days later, on February 20, the same day that Coinbase announced that it had completed SegWit testing, Bitfinex's major cryptographic exchange platform also announced SegWit support for all customers

. transaction fees on the Bitcoin network, down significantly from the historical highs of December 2017 and January 2018.

When GDAX announced that Bitcoin Cash (BCH) would be available on its platform at the mid-January 2018, the news fell flat for many traders, who would rather see the implementation of SegWit on the platform priority.

GDAX also noted in its blog post that they pledge to implement additional scaling solutions for the Bitcoin network, including the so-called "layer 2" solution, the Lightning network.