Sci-tech

"Bitcoin Cash" Finds Ultimate Support From Major Exchanges

Two of the world's largest digital currency exchanges have changed their minds and made a decision to support the new asset "bitcoin cash", but customers will have to wait until January 2018 to gain access to their tokens. In early trading, South Korean speculators and investors pushed BCH to a daily high of 959,000 KRW, or approximately $850.00 at current exchange rates.

Bitfinex began crediting customers with the new cryptocurrency on August 1, immediately after the first BCH block was mined. It won't happen overnight, however, as Farmer said they plan to have support in place by January 1, 2018 (assuming that nothing insane happens in the interim).

Finally, in an announcement on its website, Bitfinex revealed that the coefficient used for distributing BCH was 0.8539.

Over the past few days, however, Coinbase weighed factors including customer demand, trading volumes and security and ultimately decided that they will work to add support for Bitcoin Cash. Furthermore, the Crypto-exchange stated that the next step will be to open BCH withdrawals.

At press time, BCH is trading on Bithumb at an effective Dollars price of $571, which is more than double the exchange rates now quoted on Bitfinex, Bittrex, ViaBTC and HitBTC.



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