Bitcoin To Cash Is No More Supported By Coinbase
Blockchain

Coinbase Discontinued Bitcoin Cash Trading After Exchange Launch

Coinbase halts support to trade in bitcoin

https://dk2dyle8k4h9a.cloudfront.net/Coinbase Discontinued Bitcoin Cash Trading After Exchange Launch

Top Companies

01.
InMobi
Singapore
02.
Dot Com Infoway
New York, USA
03.
M&C Saatchi Mobile
New York City, USA
04.
Techmagnate
New Delhi, India
05.
Fetch
London, UK
View full report
Updated On
December 20, 2017 08:23 PM
4 min read

Latest Articles

Just after announcing the support to turn Bitcoin into cash, the US exchange startup Coinbase has abruptly taken off the support from trading in its newest asset. Prior to this, the US startup allowed buying, selling and dealing in the bitcoin owing to the increasing craze of the new cryptocurrency.

Cryptocurrency is the third-largest digital-asset by market capitalization and the recent support announcement from Coinbase seemed to add more to convert bitcoin into cash trending. However, the bitcoin to cash trading has now been abrupted owing to higher volumes of the exchange trading.

The halt was imposed owing to some unique complications in bitcoin to cash exchange. Additionally, the project called hard fork created unique complications for the exchanges. The complications came as an effect of copying bitcoin’s ledger at the time of the split. As an effect of the same, a group of users with smart capitals seemed to put a strain on the exchange.

Presently the buying and the selling of Bitcoin has been disabled from the platform with the last quoted price nearly $9,000, which is more than $6,000 above the market price of $2,000 as per the data provided by CoinMaketCap.

"All BCH books will enter cancel-only mode, and all existing orders will be cleared. While in cancel-only mode, no new orders will be accepted. We will post an update shortly," the exchange wrote at 18:30 PST, and later tweeted.

The official blog from the exchange stated that the trading was disabled just after a few minutes it was started. Trading went live at 17:20 PST and was ceased to post-only mode at 17:24, as per the records.

From the past few weeks, Coinbase has been topping the charts as the top bitcoin trading app. The US startup has already made headlines to help users turn bitcoin into cash.

Shruti Rai
Written By
Shruti Rai

I am a technology enthusiast by day and the reader by night. Shaping myself into an intense personality of a creative individual who is a passionate learner also. What interests me is the ferocious technological drives of digital and the mobile app world. I like to dig into the ways app technology seeks to sustain its innovative edge. I have found the inspiration in the generation of millennial while creativity connects to the technology.

Blockchain

7 Best Bitcoin Wallets 2018 To Store Your Cryptocurrency

Akash Singh Chauhan 5 min read  

Bitcoins, the new generation digital asset that shook the world in late 2017 with its unexpected high value. The cryptocurrency took the world by storm last year when its price peaked to $19,300 from 6 cents back in 2010. Bitcoin has not only drawn the attention of the industry but also noticed by t

Blockchain

Here Is How You Can Develop Your Very First Blockchain Application

Neha Baluni 4 min read  

The hype around blockchain emerged like the technology is going to create never-seen-before innovation in the tech industry. Well, It actually did. And to make this revolution keep growing we need skilled engineers at the work. Let me put the stats here, as per the recent study on the requirement

Blockchain

Blockchain Technology: Everything You Need To Know From 'Bitcoins' To Crypto-Wallets

Akash Singh Chauhan 4 min read  

You must have heard about the term ‘Blockchain Technology’ frequently and wondering that why in the world everyone is talking about it. Many of us believe that the blockchain is the technology only behind the bitcoins. However, the blockchain holds the potential beyond managing the crypt

Blockchain

EOS vs Ethereum Battle: Can We Predict The Winner?

Akash Singh Chauhan 4 min read  

Cryptocurrencies have a history of their own. They follow a decentralized transaction and eliminate the intermediaries that very often becomes a part of any financial transaction. Well, I am not here to brag about what cryptocurrencies do but to hold your attention on an even more interesting topic,