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On Tuesday 24th, GDAX will once again allow the trading of Bitcoin Cash to Euros

GDAX, the European subsidiary of Coinbase, has announced that next Tuesday the 24th, operations with Bitcoin Cash in Euros will start again, after freezing operations due to possible leakage of privileged information.

At the end of last year, Coinbase added to its Exchange Bitcoin Cash, something that caused a great controversy, because there could have been a case of inside information by some of its workers, who would have leaked information to a certain number of people, something that I cause these to benefit from the rise in value and earning a lot of money. This decision affected GDAX, the version of the South Korean company destined for the European market, which will restart operations from Bitcoin Cash to Euro in less than 48 hours.

GDAX, is an exchange that depends directly on Coinbase and that has published that it will open the BCH / EUR trading again next Wednesday, January 24 at 2:00 AM (PST). This will allow operators to go back to working directly with Bitcoin Cash, without having to switch to Bitcoin and then convert it to euros, which causes commissions to be paid twice, which reduces the cost.

To avoid new problems, GDAX has promised to carry out the process gradually, so that there is no saturation of the network, so the process will start in stages, until the service returns to full mode. The duration of these phases is due to different factors, such as liquidity and price volatility.

Right now, Bitcoin Cash is suffering a general decline in the market, like the vast majority of cryptocurrencies. It is currently losing over 10% and is below $ 1.600. This setting is quite important, but it could return to normal in the next 48 hours. These last weeks the market has a great volatility.

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Robert Sole

Director of Contents and Writing of this same website, technician in renewable energy generation systems and low voltage electrical technician. I work in front of a PC, in my free time I am in front of a PC and when I leave the house I am glued to the screen of my smartphone. Every morning when I wake up I walk across the Stargate to make some coffee and start watching YouTube videos. I once saw a dragon ... or was it a Dragonite?

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A comment

  1. Dmitry Ivanov says:

    Another topic but I think you should know.

    I believe that along with the creation of viruses, there should be the civility to report them and help prevent theft and scams. Enough of you being a victim of viral attacks ... The virus that they are warning you about is real, Antikapitalist, it becomes entrenched in your device when you install an EA, do not install EA of dubious origin since you can be left with an account totally without funds.

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