Coinbase rejects bitcoin cash after fork and loses users … – Coinbase decided not to recognize the bitcoin fork that resulted in bitcoin cash earlier this week, and users fled. Now some are angry and threatening to sue. Coinbase decided not to recognize the bitcoin fork that resulted in bitcoin cash earlier this week, and users fled.
User "X" opened a coinbase account 2 years ago and purchased $10,000 of bitcoins at $300 (and paying Coinbase a 1% fee). This represented 5% of his savings, and User "X" was content with taking this position.
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