An increasing number of trading platforms have started trading Bitcoin Cash (BCH, BCC), the new cryptocurrency resulting from the blockchain split on August 1.
Also read: Japanese Exchanges Embracing Bitcoin Cash Post-Fork
At 7 AM UCT on August 2, the 24-hour trading volume for Bitcoin Cash is approximately $130 million, according to Coinmarketcap. The new cryptocurrency is already ranked No. 3 among all cryptocurrencies, behind only bitcoin and ether.
Bittrex offers BCC/BTC, BCC/ETH and BCC/USDT trading pairs. Its collective 24-hour trading volume for all three pairs was at the time of writing approximately $59 million, with the BCC/BTC trading pair accounting for over $54 million volume.
Kraken opened BCH trading on August 1 at 13:24 UTC, shortly after the last common block on both chains, 478558, was mined. Trading began before customers were credited with BCH, leading to some criticisms. By 18:38 UTC, Kraken announced that all customers had been credited. The site had some problems as customers were trying to trade the new cryptocurrency. One customer tweeted, “BCH credited, disappeared, reappeared. Several crashes, but finally managed to sell some XBT for BCH.”
Three trading pairs are available on Kraken; BCH/EUR, BCH/USD, and BCH/XBT, with a collective 24-hour trading volume of approximately $49 million.
Viabtc announced on August 1 that it had started BCC deposits and withdrawals, stating that:
BCC deposits to Viabtc will be available for trading after 1 confirmation and withdrawal after 20 confirmations.
In contrast, bitcoin deposits will be available for trading after 1 confirmation and withdrawal after 6 confirmations. BCC/CNY and BCC/BTC and the two trading pairs available.
Bter has about $4.3 million 24-hour trading volume for its two trading pairs BCC/CNY BCC/BTC. The former accounts for $4.26 million and the latter only $44,860 in volume.
The Big Three Chinese Exchanges
Huobi announced that Huobi.pro will start trading BCC/BTC on August 2 at 2:41 Beijing time. Unlike Huobi.com which is a fiat-blockchain asset trading platform, Huobi.pro is a blockchain asset-only trading platform. It was launched on July 28.
Okex stated that “in response to a large number of users’ requests, Okex has decided to enable BCC / BTC trading on August 1, 23:00 (Beijing time) 2017,” the company wrote.
BTCC has announced that its “BTCC DAX and USD Exchange will not support BCC deposits or trading for the time being.” However, its Justpay customers will be able to trade BCC/CNY on BTCChina’s Blockchain+ trading platform. Blockchain+ is BTCChina’s new platform for trading ETH and ICOCOIN with CNY.
BCC Also Trading on These Exchanges
Hitbtc offers BCC/BTC, BCC/USD, and BCC/ETH trading pairs. Their collective volume is about $1.7 million, according to Coinmarketcap.
Yobitopened trading for Bitcoin Cash on July 31 with two trading pairs, BCC/BTC and BCC/USD.
Cryptopia, a New Zealand-based digital asset exchange, offers BCH/BTC, BCH/LTC and BCH/DOGE trading pairs with a collective 24-hour trading volume of approximately $220,000.
Nova Exchange offers BCC/BTC, BTC/LTC, BCC/DOGE, and BCC/ETH with an overall 24-hour trading volume of $138,000.
The Rock Trading offers BCH/BTC with only $40,990 of 24-hour trading volume.
Coinexchange offers BCH/BTC trading with a 24-hour trading volume of $17,809.
Stocks.exchange offers a BCC/BTC trading pair with a 24-hour trading volume of only $30.
Which exchanges would you like to see trade Bitcoin Cash? Let us know in the comments section below.
Images courtesy of Shutterstock, Bittrex, Kraken, Viabtc, Bter
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Source: News Bitcoin