Due to the significant tightening of the state regulation of the cryptocurrency industry, a lot of Chinese traders switch to the popular p2p platform LocalBitcoins. Now it has been announced that the company is not to add support for Bitcoin Cash or other future forks. Instead, LocalBitcoins has compensated users with Bitcoin deposits corresponding to the value of the Bitcoin Cash given to their accounts, as reported by cryptocoinsnews.com.
LocalBitcoins has decided against supporting Bcash, for various reasons. Our primary focus is to provide easy access and global liquidity for Bitcoin and to ensure the security of Bitcoins held in customer accounts.
Thus, LocalBitcoins says that adding support for Bitcoin Cash would shift resources away from their primary mission, which is to serve the Bitcoin community itself.
Bitcoin Cash charts on coinmarketcap.com
Meanwhile, at the time of writing, Bitcoin Cash price is about $445.68, its market capitalization is $7,406,922,863, which allows the cryptocurrency to hold the third place in the list.