Business 1 June 2018

Jasmine Solana

Bitcoin Cash finds its way to Unocoin, deVere crypto listings

The Bitcoin Cash adoption continues, and this time the cryptocurrency—considered to be the only true Bitcoin and world’s only functional cryptocurrency—has found support in two more trading platforms.

One of the major cryptocurrency exchanges in India, Unocoin, has launched a new trading platform that supports 15 cryptocurrencies as well as a “whole set of tools for hardcore traders in the industry.” The cryptocurrencies include BTC, Bitcoin Cash, Ether (ETH), Ripple (XRP), BTC Gold (BTG), BAT, FUN, ZRX, and OMG.

The platform is called Unocoin Digital Asset Exchange (Unodax) and can be used to buy or sell crypto assets with a maker fee of 0.4% and a taker fee of 0.6%. Unodax also offers a 0.3% Bitcoin bonus on all maker transactions, targeting those who bring “liquidity to the order book.” Unodax is exclusively for traditional trading, while Unocoin can be used for crypto asset storage and also to buy and sell crypto from accompanying brokerage services.

Users can access the Unodax platform using their Unocoin login credentials since the two services and domains run on the same backend servers. According to the exchange, “For a user, nothing changes—except for the fact that you now get distinct websites that aims for speed and performance.”

The Bangalore-based company incorporated an “order-based trading feature on its platform as part of a suite of updates on its iOS and Android application” prior to the Unodax launched. This feature supports six major crypto assets, including Bitcoin Cash, BTC, BTG, LTC, ETH, and XRP.

deVere adds Bitcoin Cash to crypto trading app

Also announcing its support for Bitcoin Cash trading is international financial consultancy deVere Group. The firm has added Bitcoin Cash, along with EOS, to its recently rolled out its cryptocurrency exchange app, deVere Crypto.

With this support, deVere Crypto users can now buy, sell, store, and exchange Bitcoin Cash and EOS alongside its current roster of cryptocurrencies, which include BTC, ETH, LTC, XRP, DASH, Monero (XMR), and Stellar Lumens (XLM). The trading app also supports U.S. dollar, Euro and GBP.

In a statement, deVere Group founder and CEO Nigel Green said the addition of Bitcoin Cash and EOS is in response to users who “are demanding an even-wider, diversified crypto portfolio as the crypto sector expands and moves even further into the mainstream.”

“All the digital coins on deVere Crypto have different characteristics, strengths and values,” Green noted after the app was released earlier this year. “As such these additions help to achieve portfolio diversification within this specific asset class and their individual traits make them useful in different ways for investors.”

Unocoin and deVere’s announcements come on the heels of news that Bitcoin Cash is now supported by Coins.ph, a blockchain services platform operating under a Certificate of Registration from the Bangko Sentral ng Pilipinas (BSP). The platform previously only accepted BTC, but the skyrocketing conversion fees has prompted the exchange to introduce additional blockchain-based services “to make access to digital currency cheap and fast.” Coins.ph has also started supporting Ethereum, “with an eye for future smart contract based financial services,” alongside Bitcoin Cash.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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