GDAX adds Bitcoin Cash

GDAX today made the following announcement regarding Bitcoin Cash (BCH):


Dear GDAX Customer,

We’re happy to announce that Bitcoin Cash (BCH) is now listed and available for trading on GDAX. We made this decision by considering such factors as customer interest, developer support, network security, market capitalization, trading volume, and our Digital Asset Framework. You can read more about Bitcoin Cash on our FAQ page.

The following order books have been created and will remain in post-only mode until there is sufficient liquidity for trading:




Bitcoin Cash was created by a fork of the Bitcoin network on August 1st, 2017. All customers who held a bitcoin (BTC) balance on GDAX at the time of the fork have been credited an equal balance of Bitcoin Cash (BCH) in their GDAX account. Your BCH balance will reflect your BTC balance at the time of the Bitcoin Cash fork, which occurred on August 1, 2017 at 13:20 UTC (block #478559). You can read more about what a bitcoin fork is here and our previous update on Bitcoin Cash here.

Thank you,

The GDAX Team

What is Bitcoin Cash?

Ever since it came on the scene this August, a lot of people lately are asking…

“What exactly is Bitcoin Cash??”

Bitcoin Cash (BCH) is what in cryptocurrency is called a “fork” which is when a currency gets split into two. This happens when the code for that specific coin needs to be updated. Afterall, cryptocurrencies are at their core a computer code. Let’s look at it in terms that are more familiar with this example:

Let’s say you just updated your iPhone to the new iOS but your friend didn’t. You notice there’s a ton of new emojis now and send one to your friend, let’s say the new “puking smiley face”. But his phone iOS doesn’t support those so instead of seeing the new puking face emoji, she gets this 🤢⍰ – the old sick emoji and an error box. When you updated your phone and they didn’t you created a fork. You can still text with each other but there’s gonna be some errors.

It’s the same with other computer code updates, like Bitcoin. So while updating the code, in order  to avoid the errors they instituted a hard fork, which means they did it on purpose. They created a new code / coin (Bitcoin Cash) to avoid having errors between the old code and new.


For more on Bitcoin Cash, check out this article on TechCrunch or the Bitcoin Cash Wikiepedia page.