A group of miners created the volatile cryptocurrency - bitcoin cash (BCH) - after ‘forking’ off from the main bitcoin blockchain on Wednesday.
The unprecedented fork in bitcoin's existing software and transaction history gave bitcoin users ‘free money’ in the form of BCH tokens.
The price of Bitcoin cash surged above $750 dollars before falling and rising again on the first full day of trading, according to CoinMarketCap.
CoinGate see bitcoin cash as 'unpredictable development'
In a statement, CoinGate said: “We are not going to natively support Bitcoin Cash and accept incoming BCH payments at this time.
“CoinGate Team sees the Bitcoin Cash split as an unpredictable development that has not, as of yet, been tested sufficiently, and does not have nearly enough support in the market to become a sustainable and valuable addition to the crypto-universe.
“Please note that with further development of Bitcoin Cash, we might start accepting Bitcoin Cash through a third party (as we cooperate with ShapeShift), if this service is sustainable