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Bitstamp has issued a statement confirming that it plans to implement Bitcoin Cash (BCH) trading pairs before the end of September. Bitstamp has cited âhigh levels of customer demand for Bitcoin Cashâ as the principal catalyst for the announcement.
Also Read: Lead Developer Amaury SĂ©Chet Discusses the Future of Bitcoin Cash
Bitstamp Has Announced That It Will Introduce Bitcoin Cash Trading Pairs by the End of September
Bitstamp has announced that it will introduce Bitcoin Cash trading before the end of this month. The exchange plans on introducing trading pairs of BCH/BTC, BTC/USD, and BCH/EUR. Bitstamp has stated, ânow that the stability of the newly created fork has been confirmed, we have also decided to add support for BCH tradingâ.
At the time of bitcoinâs soft fork, Bitstamp stated that customers âwho wanted their BCH funds immediatelyâ should âwithdraw their BTC before the hard fork occurred.â After the user-activated hard fork occurred, Bitstamp clarified that it intended to distribute BCH tokens to customers holding bitcoin at the time of the fork, stating that âBCH balances will be made available to our customers as soon as it is safe to do so [-] if and when the Bitcoin Cash system has been thoroughly tested and is sufficiently stable, we will then consider listing BCHâ. The exchange has now confirmed that âall customers who had bitcoin balances at the time of the fork now have an equal quantity of BCH safely stored at Bitstamp.â
Bitcoin Cash Will Be the Fourth Cryptocurrency Other Than Bitcoin to Be Listed on Bitstamp
This year Bitstamp, previously a bitcoin-only cryptocurrency exchange, has sought to capitalize on the growth of major altcoins by introducing new trading pairs. Last month, the exchange announced that it had introduced trading pairs for Ethereum, launching zero fee trading services for ETH markets until the 1st of October. In June, Bitstamp implemented the roll-out of several Litecoin trading pairs, following Litecoinâs activation of segregated witness. In January, Bitstamp also introduced Ripple trading pairs.
The Bitcoin Cash markets appear to have regained correlation with the price action of bitcoin, with yesterdayâs 25-30% bitcoin bounce serving as the catalyst for a near 50% spike in the value of BCH â driving the price of BCH tokens from a low of approximately $300 USD to the current area of $450 approximately.
Do you think that Bitstamp will continue to introduce new markets to its platform? Share your thoughts in the comments section below!
Images courtesy of Shutterstock, and Bitstamp
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The post Bitstamp to Introduce Bitcoin Cash Trading by End of the Month appeared first on Bitcoin News.
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