Bitstamp confirms Bitcoin Cash listing for trading

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Bitcoin Cash

Bitstamp has revealed they will be listing Bitcoin Cash for trading – a development in the cryptocurrency world that would be seen as a huge positive admist all the rumors and speculations that have taken a big chunk out of the cryptocurrency marketcap over the last two weeks.

Bitstamp is one of the oldest bitcoin exchange, and Europe’s only regulated trading platform. They announced they will distribute Bitcoin Cash by the end of this month and that they will list BCH for trading.

In an official statement the exchange said: “Now that the stability of the newly created fork has been confirmed, we have also decided to add support for BCH trading as well. The following pairs will be available: BCH/BTC, BCH/USD and BCH/EUR.”

The is contrary to exchange’s previous statements when the exchange said that the listing of BCH could take months. The latest statement means that bitcoin’s first chain-split hardfork is now listed as good as everywhere for trading. With the newest, yet the oldest, currency supported in almost all exchanges, as well as hardware wallets.

While BCH has seen a huge and warm response from exchanges around the world, use of BCH as a means for payment might not come right away. BitPay continues to provide only bitcoin as an option for their 100,000 merchants. Despite ethereum having a market cap of some $30 billion, in usual circumstances, and Bitcoin Cash (BCH/BCC) standing at $10 billion, none of them has been added. The reason is unclear and fairly puzzling, suggesting BitPay, the oldest such service provide for merchants, has grown complacent, unable to keep with the times, making them ripe for disruption.

 

 

Bitcoin’s first chain-split hardfork can be deemed successful event by all counts. The currency has been accepted ecosystem wide, Bitcoin Core developers have suggested they respect it, while many users strongly support it, giving it a market cap of $10 billion.

As such, the currency may set an example to be followed where fundamental disputes regarding paths to be followed arise.

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With over nine years of experience through various editorial positions at major news outlets including ITProPortal.com, TheNewsReports.com, TechieNews.co.uk among others, Ravi decided to build up on his interest in cryptocurrencies through CryptoCrimson.com. Ravi is a network security graduate from Liverpool John Moores University, UK. After a 4-year stint as network security consultant at various companies in the UK and India, Ravi’s interest for writing took him to online journalism in 2010.

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