Coinbase released statement regarding BTG and SegWit2X

Coinbase will keep the BTC ticker for the original bitcoin chain and at this this stage it doesn't plan to charge BTG to users
24 October 2017   1871

Coinbase has issued a new statement regarding the SegWit2x and Bitcoin Gold hardforks, confirming that, if SegWit2x implemented, it will keep the BTC ticker for the original bitcoin chain.

The new chain, respectively, will be assigned a B2X ticker.

Any customer with a BTC balance on Coinbase at the time of the fork will be credited with an equal amount of the B2X asset on the Bitcoin2x blockchain. No action is required — we will automatically credit your account. So, if you have 5 BTC stored on Coinbase before the fork; you will have 5 BTC and 5 B2X following the event.
 

David Farmer
Director of Comms, Coinbase

Refusal to confirm that the original bitcoin will retain the ticker BTC led to fierce criticism of Coinbase and even led to the fact that the largest today crypto-currency company was on the "black list" of Bitcoin.org.

However, now the company has confirmed that all users whose accounts at the moment of fork (block 494,784, tentatively on November 16) will have bitcoins, the corresponding number of B2X coins will be credited. Purchase, sale, as well as deposit and withdrawal of funds will be stopped 24 hours before the fork.

In the future, the company expects that within the next 24 hours the purchase and sale of BTC and B2x will be activated, deposits and withdrawal of funds should become available within 48 hours after the end of the year.

Also, Coinbase confirmed its position on Bitcoin Gold hardfork, saying that at this stage it does not plan to charge BTG coins to users, but it will be ready to do as soon as "blockchain proves to be secure and valuable".

Information about this fork (BTG) has been limited and there are concerns about its security and stability. As a result, we do not believe it is safe to allow support for Bitcoin Gold at this time. If the blockchain proves to be secure and valuable, Coinbase may choose to support it. At that point, your account will be credited with an amount of Bitcoin Gold equal to your Bitcoin (BTC) balance at the time of the fork.
 

David Farmer
Director of Comms, Coinbase

Coinbase Implemented SegWit

One of the largest cryptocurrency exchange now supports SegWit protocol
21 February 2018   160

The leading crypto exchange of digital assets Coinbase announced the imminent launch of Segmental Witness (SegWit) protocol.

The SegWit protocol was activated in the bitcoin network in August 2017, but even after six months a number of large companies still did not support it. Coinbase turned out to be under a separate wave of criticism - a few months ago the company expressed support for some dubious decisions that could potentially increase its profits, but would hardly contribute to the healthy development of bitcoin as a whole.

It is important that Coinbase has one of the largest user bases in the bitcoin industry, and SegWit support will surely have a positive impact on both the total number of SegWit transactions on the network and the reduction of commissions.