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.
Those who had BTC in their account balance on 8/1/17, 13:16:14 UTC have been credited with matching BCH - BTC, ETH, & USDT markets added.
— Poloniex Exchange (@Poloniex) 14 августа 2017 г.
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.
— Poloniex Exchange (@Poloniex) 4 августа 2017 г.
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
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.