Poloniex now supports Bitcoin Cash

One of the most popular cryptocurrency exchange now supports the hardfork of Bitcoin
14 August 2017   2440

The Poloniex cryptocurrency exchange officially announced the addition of Bitcoin Cash to the listing. The asset is traded under the BCH and is available in pairs to BTC, ETH and USDT.

Accordingly, all users who had bitcoins on their accounts as of 13:16:14 UTC on August 1 received an equivalent number of BCH coins.

A few days before the Bitcoin Cash hotshot, the Poloniex administration refused to confirm future support for this cryptocoin, saying that such a decision would be made only after they were sure that they would be able to support the new chain without the risk of losing funds.

However, already on August 4, the exchange announced support for Bitcoin Cash.

The market reaction to this fact turned out to be quite positive: the average rate of the coin went up, reaching the high $ 327, according to Coinmarketcap. Now it's average price is $307.16

Poloniex BCH rate
Poloniex BCH rate

At the same time at the Poloniex the first hours of trading were accompanied by a rather high volatility: according to the exchange, the rate reached USDT 750 with a minimum drop to USDT 200.

Monex to Open Exchange Under Coincheck Brand in USA

"New old" cryptocurrency trading platform will be focused on institutional investors; opening is planed in 2019
13 December 2018   16

Japanese online broker Monex Group Inc. announced the launch of a cryptocurrency trading platform focused on institutional investors. The new platform should start work in 2019 under the brand of Coincheck, Finance Magnates reports.

A license to provide services in all US states Monex hopes to get within a year. As the president of Monex TradeStation, John Bartleman, said, Bitcoin, Bitcoin Cash, Litecoin, Ethereum and, possibly, XRP will be available on the platform.

In April, Monex acquired Coincheck, the victim of a hack, for $ 33.6 million. After the purchase, Monex representatives said that the cryptocurrency business plays a key role in the company's further development. The fact that Monex intends to expand its business to the US market became known in May.

It is noteworthy that earlier this month, Monex Group Inc. became one of the investors of the American stock exchange cryptocurrency derivatives ErisX. According to John Bartleman, ErisX will also serve institutional investors in the United States after regulatory approval