Cryptocurrency startup Coinbase express Thursday that, in the coming months, it will let customers withdraw greens resulting from forks of the bitcoin network.
In a blog post, the startup set that it was adding withdrawal support for the forks, though the post did not put out a firm timeline.
“This change will allow customers to more readily withdraw assets associated with Bitcoin Forks across all Coinbase Offshoots,” the startup wrote, adding:
“As always, we look at technical, operational, and forensic considerations when deciding which Bitcoin Fork assets to reinforcing and will always state on our website which particular assets are supported.”
That being signified, Coinbase noted it was “not announcing support for any specific assets at this in the nick of time b soon.”
In the announcement, Coinbase explained that it will work to support tomorrow bitcoin forks on its Coinbase Custody product, adding that this policy “will likely support more forked assets than GDAX or Coinbase for the foreseeable coming.”
GDAX, its digital assets exchange, will allow customers to pull out bitcoin forks, but not trade them. Similarly, Coinbase’s basic dais will also allow customers to withdraw the forked assets but without ok trades. Further, the startup noted that an asset may be added to GDAX in the following without being added to Coinbase.
Coinbase Commerce, a merchant-focused benefit it unveiled in February, will not support any forked assets, and the Coinbase Listing Fund will not list any assets that are not available on GDAX for truck, according to the statement.
In a separate announcement on Thursday, the startup unveiled a new early-stage tender fund that will provide financing to companies working with the technology.
“At barely in the beginning, our goal is simply to help the most compelling companies in the interval to flourish,” Coinbase said.
Coin miniatures image via Shutterstock
The head in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and accepts by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Guild, which invests in cryptocurrencies and blockchain startups.