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December 20, 2017, 12:42:32 PM

I am not a Xapo user.  Though I heard that they have already distributed their 520K+ BCH to their clients.  I had presumed that Coinbase is going to do the same.  But instead, they pulled this 1 hours listing stunt with nothing more than a blog/twitter post, while everyone could see that BCH is already pumping yesterday and before.  Some people even mention it in this thread.  So no market depth nor preparing people for the listing, and end up with $9,500 BCH quote and had to stop trading all together.  So much for a supposedly highest valuation "unicorn" in the crypto space.   Roll Eyes

AFAIK, Xapo made the BCH available to their users for withdrawing or converting and, when a deadline reached (a few days ago), it would then automatically sell/convert all the remaining BCH to BTC. That process already finished, so no more Xapo BCH, I think.

Yeah. everyone thought coinbase was releasing the BCH in Janaury, as they announced before. I really can't understand the sudden move. Also can't understand why they did it so horribly that the books were pierced and they had to suspend trading. Which is no wonder for the reasons you give. But... WHY? Why did they do this so horribly wrong? If it is some sort of manipulation/conspiracy it is one of the worst planned ones.

Maybe they wasn't expecting that a well funded shill was ready to pump the price no matter the cost? They should have known better.

In the end I am not even sure this benefits BCH as it is now the second time customers have been screwed over a flash pump and dump.