Coinbase Gives Users Millions In New Cash: Bitcoin Cash Decision

One of the largest Bitcoin exchanges in the world, Coinbase, reversed a recent decision just minutes ago.

On August 1, a new version of Bitcoin cryptocurrency was created and given to all holders of the original Bitcoin.

Each Bitcoin held, or any fraction there of, was matched by giving the holder the same amount of the new one, Bitcoin Cash.

The catch is many people's Bitcoin are held at exchanges. Last week Coinbase said it would not be "supporting Bitcoin Cash."

Technically, they wouldn't be doing the work to setup Bitcoin Cash so you can have it in your account.

But today, due to "consumer demand" they have chosen to support Bitcoin Cash and will be crediting its Bitcoin holders on or before January 1, 2018.

That's great news, especially considering the new Bitcoin Cash became worth over $5 billion dollars in its first day of creation.

You can read the official Coinbase announcement here.