Hello Group to open an exchange with BCH trading pairs

Hello Group is developing a new exchange platform with Bitcoin Cash-based trading, scheduled for mid-April 2018
20 February 2018   244

The rising popularity and adoption of Bitcoin Cash has attracted a lot of attention not only from general public in crypto-community, but also from big companies. Everybody is flocking towards “the true vision of Satoshi Nakamoto”. And exchanges aren't left behind. The new addition to the rising market is called Bitcoincash.io and is developed by Hello Group, a Cyprus-based fintech solutions developer.

They recently acquired the Bitcoincash.io domain and now are developing an exchange with as of now practically unique quality – the base cryptocurrency will be Bitcoin Cash. BCH will trade in pairs for both fiat and other cryptocurrencies.

According to the developers, users will have access to live and historical trading data, real-time alerts on market trends and sudden jumps. And all of that for free. Also users will be able to use their accounts to trade on multiple connected crypto exchanges and markets with instant settlement and no intermediaries.

Representative of Hello Group explained that the main focus of the new exchange will be on providing secure high-performance trading utilizing the accumulated knowledge and statistical data from traditional blockchain exchange platforms. Bitcoincash.io will give users the advatage of native BCH pairs and their input is always welcome for making the platform better.

Bitcoincash.io is scheduled for alpha-release around mid-April 2018.

Japanese Watchdog to Warn Binance

Let's check the impact of these news to the Bitcoin price
22 March 2018   85

The Financial Services Agency of Japan (FSA) warned the Binance exchange for the need to obtain a license to continue working in the country. This is reported by Nikkei.

According to the regulator, the work of Binance in Japan without a license from the Financial Services Agency violates the local law on payment services and thereby jeopardizes the interests of investors. In addition, if the crypto-exchange does not suspend activities in Japan, a criminal case will be brought against it.

Binance is one of the world's largest cryptocurrency exchanges, while Japan also holds a leading position in the development of the bitcoin industry. Thus, it is not surprising that immediately after the spread of this news, the price of the first cryptocurrency went down.

Bitcoin Price Chart
Bitcoin Price Chart

As you can see on the chart above, BTC price fell down from $9030 to $8726 in 1.5h. At the moment of press, these are main bitcoin market parameters:

  • Average price: $8 775,51
  • Market cap: $148 597 132 463
  • 24h volume: $5 822 390 000