They actually made a blog post a few days ago: https://blog.gdax.com/preparing-for-the-bitcoin-user-activated-soft-fork-86844d7012d0
It's still recommended that you withdraw your funds and store them in a wallet where you actually hold your private keys though. It also look like SegWit2X is having enough support that will result in activating it before 1st august and probably no chain split will happen.
Topic: coinbase.com, gdax, and Bitcoin blockchain hard forks (Read 207 times)
So we have some upcoming events in Bitcoinlandia that may result in hard forks of the Bitcoin blockchain. If the blockchain indeed forks, then anyone showing a balance of X on the blockchain immediately before the fork will -- after the fork -- have a balance of X coins on each of the resultant chains.
There are several approaches an exchange might take to this event. The approach that customers would deem preferential is to reflect these chains such that each customer maintains their full balance on each of the chains. But the exchange may toss the coins on one or other chain, keep the coins on one of the chains for themselves, or perhaps several other approaches.
I have been looking around the coinbase.com and gdax websites looking for a concrete statement of how they will handle any Bitcoin chain split. I have however been unable to find this. They wrote back in March that they are leaving their options open. However, since March, the probability of a Bitcoin chain split has likely risen by an order of magnitude or more.
Has anyone seen a recent statement of how they will handle such a split?
There are several approaches an exchange might take to this event. The approach that customers would deem preferential is to reflect these chains such that each customer maintains their full balance on each of the chains. But the exchange may toss the coins on one or other chain, keep the coins on one of the chains for themselves, or perhaps several other approaches.
I have been looking around the coinbase.com and gdax websites looking for a concrete statement of how they will handle any Bitcoin chain split. I have however been unable to find this. They wrote back in March that they are leaving their options open. However, since March, the probability of a Bitcoin chain split has likely risen by an order of magnitude or more.
Has anyone seen a recent statement of how they will handle such a split?
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