Business 5 October 2018

Ed Drake

Bittrex launches support for Bitcoin BCH trading in USD markets

Bittrex has added Bitcoin Cash (BCH) support to its USD fiat markets, becoming the latest in a series of major exchanges and merchants to on-board the cryptocurrency in recent weeks.

In yet another vote of confidence for Bitcoin BCH, the U.S.-based Bittrex platform announced the move to its 737,000 followers on Twitter, saying: “Launch Update: Bitcoin Cash (BCH) has been added to the USD (Fiat) markets. Eligible #Bittrex accounts created before September 4 are enabled for trading.”

No initial deposits are required for personal accounts trading with fiat, according to Bittrex, explaining, “If you decide to deposit USD, it is a $1,000 minimum per wire transfer.”

The announcement provides another gateway for retail users as well as investors between U.S. dollar and Bitcoin BCH, as it continues to gain traction as the foremost cryptocurrency of choice for payments. On Reddit, user Twoehy called the announcement “great news,” noting that “Everything that helps wean people off of BTC as some sort of ridiculous crypto ‘reserve currency’ is a good thing.”

Founded in 2013, Bittrex is the 13th largest cryptocurrency exchange by trading volume, and the latest to get behind BCH as the cryptocurrency which most closely reflects Satoshi’s original vision. In particular, the Bittrex platform is renowned for being one of the most secure of its kind, which will appeal to investors looking for a secure, cost-effective cryptocurrency for USD.

It comes at a time of increasing support for Bitcoin, both from merchants and cryptocurrency businesses who value the fast speeds, low costs and enhanced security measures offered by BCH. it also coincides with significant rallies in Bitcoin BCH price this week, as momentum continues to build behind the currency.

Over the last few days, crypto exchange Gemini announced it had been approved to list Bitcoin BCH, with an announcement on a go-live date expected soon. The exchange is run by the Gemini Trust, an organisation founded by the Cameron and Tyler Winklevoss.

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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