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Is Coinbase controlling the price of Bitcoin Cash?



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Coinbase is an online platform that allows merchants, consumers, and traders to transact with digital currency which allows its users to create their own bitcoin wallets and start buying or selling bitcoins by connecting with their bank accounts. On the contrary, Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as “Peer-to-Peer Electronic Cash”. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. (https://cryptonewstrends.com/)

Bitcoin Cash—a fork of the Bitcoin blockchain—is headed to popular cryptocurrency brokerage Coinbase and consequently, Coinbase operates by the principle that our customers should benefit to the greatest extent possible from forks or other networks events. Bitcoin Cash, alongside other prominent Cryptocurrencies, is an extremely large entity and decentralized. It is not controlled by any one source. Millions of people around the world control it as a whole. Coinbase has no sizable impact on its price; it merely presents how the price fluctuates for investors.

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