On Tuesday, when Bitcoin Cash hit Coinbase, the popular user-friendly U.S.-based exchange, cryptocurrency’s reputation as the financial wild west was on full display.
While anyone following along was well aware that Coinbase planned to add Bitcoin Cash, the currency created in August’s Bitcoin hard fork, things still got weird immediately. After some suspicious pre-launch climbing, Bitcoin Cash’s Coinbase launch immediately saw prices soar to almost three times those listed on other exchanges.
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