Published On: Tue, Feb 6th, 2018

Coinbase Plans SegWit Release ‘In A Few Weeks’

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Coinbase has stated its commitment to introduce SegWit compatibility in “a few weeks,” fulfilling a promise made to customers in late 2017.
Final Testing Confirmed
In a tweet Monday, the largest US exchange and wallet provider repeated claims made late last year that SegWit – as a “feature” – was less of a priority for developers than security and performance.
“Our engineering team has begun the final testing phase of SegWit for Bitcoin on Coinbase. SegWit compatible Bitcoin sends/receives will be available for customers in the next few weeks,” staff wrote, linking to the original announcement from December.

Our engineering team has begun the final testing phase of SegWit for Bitcoin on Coinbase.
SegWit compatible Bitcoin sends/receives will be available for customers in the next few weeks.
We previously wrote about SegWit on our blog: https://t.co/3YPQPkYy4C
— Coinbase (@coinbase) February 5, 2018

Damage Control?
In the face of volatile Bitcoin network fees and competitors already implementing SegWit, which reduces both fees and transaction times, Coinbase has faced increasing pressure from users to follow suit.
A petition in January to force an upgrade as the company’s “top” priority …

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