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A Head Of Coinbase Explained Refusal To Support Bitcoin Cash


CEO Coinbase Brian Armstrong said his company did not oppose to the addition of new assets to the platform. At the same time each such decision must carefully informed and considered several factors, including security issues.

This Brian Armstrong wrote on Tuesday night in Twitter:

  1. Coinbase is certainly not opposed to adding new assets to the platform. We're agnostic on which people want to trade.
  2. That being said, we also don't want to rush anything out.
  3. Our goal is to be safest, most trusted & compliant, and easiest to use. Not the first to market with new asset.
  4. We could spin up a few new nodes in our infrastructure and call it a day, but I don't think it prudent.
  5. Especially at scale, it takes time to ensure any new asset we add is well tested and secure. With cold storage, transaction generation, etc.
  6. Our plan is to continuing adding new assets to the platform over time. Any that our customers want to trade, and that are legally compliant.

Hope this helpsclarify our thinking on Bitcoin Cash and adding new assets in general!

At the moment on the platform, in addition to Bitcoin, Litecoin, and Ethereum available.

Recall that before the August 1 Bitcoin Cash hardfork, Coinbase stated that it will not support either a new blockchain or associated coin, as they will be incompatible with the original version of bitcoin.