Coinbase to Reopen the GDAX Bitcoin Cash-Euro Order Book

Many European cryptocurrency investors are about to get another venue for investing in bitcoin cash with their regional fiat. The GDAX exchange will start offering BCH/EUR trading again in just a couple of days.

BCH/EUR on GDAX

As we previously reported, in December 2017 Coinbase was forced to halt bitcoin cash trading on both platforms soon after it started, botching the launch. Besides operational problems like an inability to handle all the traffic to specific BCH liquidity issues, the company was also accused by many clients of enabling insider trading. The GDAX BCH/BTC order book was restored only on January 17, exactly a week before the BCH/EUR.

Launch Sequence

The decision to move the market from one mode to another is made by the GDAX Market Operations team, taking into consideration factors such as order book liquidity and price volatility. Looking at the BCH/BTC order book relaunch for example, we can see it took 37 minutes to transition from the first mode to the second and another hour and 48 minutes to reach the final stage.


Images courtesy of Shutterstock.


The post Coinbase to Reopen the GDAX Bitcoin Cash-Euro Order Book appeared first on Bitcoin News.

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