The other day I wrote about BCC and that bitcoin was hard forking. I admit I caught a heck of a lot of flack for it and even got a number of flagged down votes. Don't shot the messenger people! https://steemit.com/bitcoin/@bitcoinflood/bitcoin-is-already-forking-try-not-to-panic
With that being said an update from Coinbase a very popular exchange and wallet here in the USA for Bitcoin Ethereum and Litecoin has man a public announcement here - https://blog.coinbase.com/update-for-customers-with-bitcoin-stored-on-coinbase-99e2d4790a53
Will Not Support BCC
When bitcoin forks and oh yes it most likely is going to there will be a split in the coin bitcoin and Bitcoin Cash (BCC). Your coins at first will be on both chains however coinbase is making it public that they just simply wont support it and you wont be able to access your BCC version. This means whatever bitcoin you have in coinbase is going to remain bitcoin no matter what happens.
Withdraw Deadline
If you have BTC in coinbase you have till 11:59 pm PT July 31, 2017 to move your coin out of there if you wish to access both BTC and BCC.
My Own Thoughts
Bitcoin was created to be decentralized. To me forcing someone to pick one block chain over the other seems like dictatorship to me. I should be able to do whatever I want with my money in Coinbase even if it is a bad decision that would be on me.
I can understand they don't want to encourage a split by supporting it however most other wallets are supporting it and it seems odd to me that they wont saying it holds no real market value.
Well sorry to say it does over $400 per coin and a few million dollars so far. Its nothing like the 40 billion market cap however there is a decent amount of push from what I can tell as we get closer and closer to these changes.
Just yesterday BCC hit $900 before settling at its current amount $400-$500
Not allowing customers to have coins in both BCC and BTC when the split happens to me effectively reduces your value of your bitcoin when this fork happens.