BlockTrades Added Support for Bitcoin Cash

BlockTrades website for the exchange of cryptocurrency announced support for as for the most requested coin by users of the platfrom
15 January 2018   1628

BlockTrades website enables users to rapidly purchase cryptocurrencies without the hassles typically associated with purchasing through a centralized cryptocurrency exchange and differs from a traditional exchange as users don't need to maintain a balance on the site. 

On January 15 of 2018 BlockTrades announced launch of Bitcoin Cash, and in addition to supporting regular buying and selling of BCH, customers will also be able to purchase Steem accounts with BCH.

Moreover, BlockTrades will allow BCH to be sent using both the new BCH-specific addresses or the old-style addresses, but the deposit addresses generated for users paying with BCH will only be generated in the new format.

One useful aspect of Bitcoin Cash is that transaction fees are cheap relative to Bitcoin, and Bitcoin Cash is supported at many exchanges that support Bitcoin, making it a useful intermediate coin (like Litecoin, Ethereum, and Doge) for going to and from fiat currencies.
 

BlockTrades official statement

Currencies that are already listed on BlockTrades are: BitCNY, BitEUR, BitShares, BitUSD, OPEN.BTC, OPEN.DASH, OPEN.ETH, BTC, DASH, Dogecoin, ETH, LTC, Steem, Steem Dollar.

Earlier today we have reported that GDAX crypto exchange announced resuming BTC-BCH trading from January 17 after temporary suspension.

At the moment of press, these are main market parameters of Bitcoin Cash:

  • Average price: $2 477,58
  • Marketcap: $41 903 310 540
  • 24h volume: $1 367 100 000

Real Time Rates for 6 Cryptos launched by Thomson Reuters

Thomson Reuters is running a cryptocurrency real-time rates: the new service is expected to provide “reliable, real-time information” for 6 crypto coins
15 May 2018   181

The stated goal is to provide efficiency and clarity for investors within the world trading field. The new Cryptocurrency Real Time Rates are already available over a customized API interface on Thomson Reuters Eikon platform. The app is displaying a trading data from different crypto exchanges including Bitflyer and Bitpoint. Reuters affirms that more trading platforms would be added in the future. 

The announcement comes after a recent Thomson Reuters survey stated that crypto trading by financial firms is likely grow this year. Over 20% of 400 finance firms taking part in the study are deciding about the entering trading crypto assets within 1  year. That means that one in every five of the undisclosed businesses plans to set direct contact with cryptocurrencies in 2018.

Pricing data for the real-time rates will be stated for six cryptocurrencies, which were not mentioned in the report. The start of the service could reveal that Reuters is thinking about the entering the digital asset class on ‎its own market platforms. In December of 2017, the mass media added bitcoin cash (BCH) to Eikon. BCH became only the third cryptocurrency to list on the platform after bitcoin core (BTC) and ethereum. ‎

The latest release follows the announcement from CME Group which is running a daily price benchmark for ‎Ethereum, according to Financial Magnets. The service will be given in partnership with the platform Crypto Facilities.‎ Earlier this year, Thomson Reuters Corp. declared about the launch of a new version of the Marketpsych Indices sentiment data feed, which uses analysis of bitcoin market sentiment.