GDAX Will Open the Bitcoin Cash/BTC Order Book on Wednesday...

Are you looking to trade in your old bitcoin with its high fees and slow transactions for a brand new bitcoin cash? Or, you just want to offload the bitcoin cash you have been holding since the fork? Either way, there is some good news for customers of GDAX. The exchange will start offering BCH/BTC trading again in a couple of days.

GDAX exchange, a subsidiary of San Francisco-headquartered Coinbase, has announced that it will open its BCH/BTC order book on Wednesday January 17 at 9:00 AM Pacific Standard Time (PST). Besides pitting the two cryptocurrencies against each other in a way that allows speculating on the stronger instrument, it will also create a way to acquire BCH for GDAX users who otherwise couldn’t buy it (such as Europeans as the venue doesn’t currently offer a BCH/EUR pair).
Last month 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. Last week the general manager GDAX Adam White tried to answer these concerns in his retrospective on the controversial launch.
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