Bitcoin Cash Jumps 70% as Coinbase and Gdax Announce Immediate Trading.

Bitcoin Cash is Trading on Coinbase Immediately !

We’re excited to announce that customers will be able to buy, sell, send and receive Bitcoin Cash on Coinbase,” came word from the Coinbase blog. BCH is quickly becoming the micropayment alternative to bitcoin core (BTC), and as of this writing is the number three cryptocurrency by market cap at just over 58 billion USD. Its price in the last 24 hours has surged over 70 percent.

“Sends and receives are available immediately,” the exchange urged. Coinbase is waiting for “sufficient liquidity” from its Gdax platform before allowing buys and sells. “We anticipate that this will take a few hours.”

Bitcoin cash was the result of an August 1st hard fork this year, with miners and enthusiasts signaling for larger block sizes to ease mempool congestion, lagging transaction times, and rising fees on BTC.

Coinbase is one of the largest cryptocurrency exchanges in the world, boasting over 13 million users. This year has seen it collect as many as 100,000 new accounts in a single day. The San Francisco-based exchange has been in operation since 2011.