Coinbase to Implement BTC Forks Support

According to official statement, in few months exchange will add the feature of Bitcoin hard forks coins withdrawal
06 April 2018   1645

The largest American crypto exchange platform Coinbase announced that in the coming months it will provide its users with the opportunity to withdraw coins that appeared as a result of the forks of the bitcoin network.

This change will allow customers to more easily withdraw assets associated with Bitcoin Forks across all Coinbase products. We are not announcing support for any specific assets at this time. As always, we look at technical, operational, and legal considerations when deciding which Bitcoin Fork assets to support and will always state on our website which particular assets are supported.
 

Coinbase Team

The report also says that the platform intends to work on supporting and future forks of bitcoin in the Coinbase Custody service "Custody will likely support more forked assets than GDAX or Coinbase for the foreseeable future"

It is noted that users of GDAX and Coinbase will be able to withdraw coins from the forks of bitcoin, but not to trade them. The trade-oriented service Coinbase Commerce announced in February that it will not support the assets that have emerged as a result of forks. In turn, the Coinbase Index Fund will not add any assets to the listing if they are not available for trading on the GDAX, the report said.

Also, recently Coinbase announced the "Coinbase Ventures" program, designed for start-up support.

We’ll be providing financing to promising early stage companies that have the teams and ideas that can move the space forward in a positive, meaningful way. At least in the beginning, our goal is simply to help the most compelling companies in the space to flourish. 
 

Emilie Choi

Head of Corp & Biz Dev and Biz Ops at Coinbase

Earlier Coinbase announced that in the coming months it will implement the support of the technological standard ERC20. 

Coinbase to Appear in San Francisco District Court

Exchange representatives must appear in court due to issues related to BCH trading launch in 2017
07 August 2019   129

San Francisco District Court judge Vince Chhabria ruled that the latter showed negligence and “clear incompetence generated by haste” when it started trading in Bitcoin Cash (BCH) on Coinbase. Now Coinbase, apparently, will be forced to stand trial, Bloomberg reports.

So, at the end of 2017, the exchange opened BCH trading, but was forced to suspend operations after 2 minutes due to high volatility and suspicious price increases - the coin began to grow rapidly several hours before the announcement of Coinbase.

Then the company was accused of insider trading, later crypto enthusiasts even began to find confirmation of this.

According to the judge, the users who bought VSN at inflated prices were primarily affected. He noted that the suspension of trading was too hasty and disrupted the normal functioning of the market.

BCH buyers claim that Coinbase could have announced a bid in advance to prevent a price spike, but it did not. The judge agreed with this opinion and noted that shortly before the launch of BCH trading on Coinbase, the Chicago Mercantile Exchange opened trading in bitcoin futures, which could become a factor of too much market participants' recovery.

According to the publication, Coinbase has not yet commented on the court decision.

Recall that in March 2018, a class action lawsuit was filed against the company, in which Coinbase was accused of “artificially overpricing” Bitcoin Cash through trading based on insider data.