Bitfinex launches BCH margin trading

Bitfinex exchange launches Bitcoin Cash margin trading 
04 August 2017   2410
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

One of the leading cryptocurrency exchanges, Bitfinex, announced the launch of margin trading in Bitcoin Cash (BCH, BCC).

Thus, the Hong Kong Exchange becomes the first to offer such an option to the traders.

The start of Bitcoin Cash margin trading occurred the day after Bitfinex added support for new tokens by launching new trading pairs: BCH/USD, BCH/BTC and BCH/ETH.

Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

When the BCH tokens were distributed, instead of the ratio of 1: 1 there was a 0.8539 coefficient. It means that if a Bitfinex user has 1 BTC, then 0.8539 BCH is charged to him. As explained by the representatives of Bitfinex, this calculation methodology takes into account the aggregate of open long and short marginal positions on the exchange. 

It is also worth mentioning that the customers report on Twitter on the fact that the Bitcoin Cash deposits were inactive:

Bitcoin Cash margin trading on Bitfinex Screenshot from Dutch_Hammer on Twitter

The users complained that the Birfinex support hadn't replied for about 6 hours. 

Binance to Spread Crypto Fiat Wings

The list of upcoming jurisdictions was found by the Block
18 January 2019   62

The Block has gained access to the list of jurisdictions in which the largest cryptocurrency exchange Binance intends to launch fiat trading platforms. The latter use technology Binance, but will be separate legal entities.

Alleged Binance New Operation Jurisdictions
Alleged Binance New Operation Jurisdictions

In 2019, the exchange allegedly intends to launch full-scale activities in Malta and in Singapore. At the same time, South Korea, Liechtenstein, Russia, Turkey and Argentina are in the plans.

Note that in October last year, such a platform appeared in Uganda, and just a few days ago - on the island of Jersey.