First Exchange to Announce the Platform Will Not Support Bitcoin Cash

Over the past few weeks, Bitcoin.com has kept our readers informed of the possibility of an upcoming hard fork at the end of the month. It seems that the user-activated hard fork that was initially supposed to just be a contingency plan against the user-activated soft fork (UASF) still might happen. This means Bitcoin Cash supporters will try to veer off from the main chain and operate on their own terms of consensus. Over the past few weeks, many bitcoin trading platforms have revealed their plans to deal with this particular hard fork as some of them will list the BCC token. However, there are a bunch of other well-known exchanges that will not support the BCC branch.

The first bitcoin trading platforms to announce they will not support the BCC hard fork were GDAX and Coinbase. The GDAX exchange is a subset of the Coinbase company, and the August 1 UAHF plans are the same.

“The current User Activated Hard Fork (UAHF), including Bitcoin ABC, is a proposal to alter the Bitcoin protocol by creating a new version of the Bitcoin software, which will operate on its own, separate blockchain,” explains Coinbase and GDAX. “We do not plan to offer support for the UAHF chain at this time — You will not be able to withdraw the UAHF version of any Bitcoin from Coinbase.”