Coinbase, one of the largest cryptocurrency exchanges in the world, is starting to offer Bitcoin Cash to users of its platform.
The announcement caused a sudden drop in the value of Bitcoin, which came to register a decrease of 25% of its value. In parallel, Bitcoin Cash has registered a notorious rise in certain exchanges.
Bitcoin Cash was created as a fork of Bitcoin in August 2017. After it was a group of developers who were looking to modify the Bitcoin base code so that the blockchain could support more transactions at a higher speed. Since then, Bitcoin Cash has seen its value increased by approximately 600%.
According to Coinmarketcap, Bitcoin Cash is, to this day, the third cryptocurrency with the highest market capitalization. Currently around 55,000 million dollars, far from the almost 300,000 million that is approaching the original Bitcoin.
Until now, Coinbase only allowed to negotiate with Bitcoin, Ethereum and Litecoin, three of the most popular cryptocurrency in the world. With the addition of Cash, the exchange platform is even more attractive for investors in digital currencies.
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