Cryptocurrency trading platform Coinbase has announced its intention to support the withdrawal of Bitcoin (TIKER: BTC.EXANTE) forks.
“This change will allow customers to more easily withdraw assets associated with Bitcoin forks across Coinbase products in coming months,” Coinbase said in a blog post.
The exchange noted, however, that there 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 further explained that it will work to support future Bitcoin forks on its Coinbase Custody product, adding that this platform "will likely support more forked assets than GDAX or Coinbase for the foreseeable future."
Coinbase added withdrawal support for a Bitcoin fork does not mean the asset will also be added for trading.
According to the statement, Coinbase Commerce will not support any forked assets, and the Coinbase Index fund will not list any assets that are not available on GDAX for trading.
By Siranush Ghazanchyan