Bitfinex Enables Bitcoin Cash Margin Trading

Bitfinex Enables Bitcoin Cash Margin Trading


Bitfinex has enabled margin trading of Bitcoin Cash on its platform.

Also read: Indian Government May Take Immediate Steps to Stop Bitcoin Use 

Bitcoin exchange Bitfinex tweeted on Thursday that it has enabled margin trading for Bitcoin Cash (BCH). BCH is the new cryptocurrency resulting from the August 1 hard fork of the Bitcoin blockchain. The exchange explained that it is using BCH as the ticker symbol and “Bcash” as the descriptive name “to avoid confusion with bitcoin.” However, “BCH will not be eligible as collateral for margin positions,” it previously announced.

Bitfinex Enables Bitcoin Cash Margin Trading

Thursday’s announcement came after Bitfinex started trading BCH/USD, BCH/BTC and BCH/ETH the previous day.

On August 1, the exchange began crediting customers with the new cryptocurrency, after the first BCH block was mined. However, while their customers were expecting to be credited 1 BCH per 1 bitcoin held at the time of the fork, they complained about receiving 15% less BCH.

However, Bitcoin Cash deposits and withdrawals are still unavailable, according to some users who tweeted the screenshot shown below.

Bitfinex Enables Bitcoin Cash Margin Trading

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Images courtesy of Shutterstock and Twitter

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Source: News Bitcoin