In an update on the recent bitcoin hard fork, Coinbase’s GDAX cryptocurrency exchange has announced its plans to add support for Bitcoin Cash.

Bitcoin hard fork took place on 01 August 2017, splitting the network into two and creating a new cryptocurrency, Bitcoin Cash.

Previously, Coinbase had said that it had no plans to add support for the new cryptocurrency resulting from the fork.

Adam White, GM at GDAX, has now announced that the exchange has decided to add support for Bitcoin Cash, after assessing all relevant issues. He wrote:

“Our top priority is always the safety of customer funds and we spend extensive time designing, building, testing and auditing our systems to ensure that the digital assets we support remain safe and secure. We may not always be first in adding an asset, but if we do, you can be sure that we have invested significant time and care into supporting that digital asset securely.

“Over the last several days, we’ve examined all of the relevant issues and have decided to work on adding support for bitcoin cash for all GDAX customers. We made this decision based on factors such as the security of the network, customer demand, trading volumes, and regulatory considerations.”

According to the blog post, GDAX plans to have support for Bitcoin Cash by January 1, 2018.

“Once supported, customers will be able to withdraw bitcoin cash from GDAX. We’ll make a determination at a later date whether or not we will also support trading of bitcoin cash. In the meantime, all customer’s bitcoin cash will remain safely stored on GDAX,” White wrote.

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