BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Is a Bitcoin Cash-Based Cryptocurrency Exchange a Good Idea?

Is a Bitcoin Cash-Based Cryptocurrency Exchange a Good Idea?

Roger Ver, once referred to ‘Bitcoin Jesus,’ wants to further his campaign for Bitcoin Cash (BCH) adoption by opening a cryptocurrency exchange that uses BCH as its base currency.

Many cryptocurrency investors and enthusiasts know Ver as the early Bitcoin adopter and advocate who is now a staunch activist in the Bitcoin Cash camp.
Bitcoin Cash (BHC) is a hard-forked altcoin off of the original Bitcoin (BTC) blockchain that went live back in August of 2017 — with the goal of making a ‘Bitcoin’ currency that was more easily used and transacted by increasing the block size.
Bloomberg  recently reported that Ver, in an interview while in Malta, revealed his aspirations to build his own Bitcoin Cash-based cryptocurrency exchange and trading platform — which would be hosted on the Bitcoin.com website (where he is CEO), stating,
If we build it ourselves, we can do it really, really cheap, and we get exactly what we want.
Ver is also exploring the possibility of purchasing an already existing exchange with ‘battle-tested security.’

The Bitcoin Cash-Out
The development of Bitcoin Cash has certainly caused quite the rift in the cryptocurrency community, with most enthusiasts are quick to tell you their opinion on which is the ‘real Bitcoin.’
The price of Bitcoin Cash exploded last year amid the year-end bull run but got another huge boost after a surprise announcement from Coinbase revealed that Bitcoin Cash would soon be listed on its exchange platform. After this announcement, Bitcoin Cash surged from $1,200 to over $4,000 in the space of only 10 days.
Bitcoin Cash today is trading at $512 — a loss of 87 percent since its $4,000 all-time high.
It was also revealed in a financial report from cryptocurrency mining giant Bitmain that it had converted a large majority of its holdings to Bitcoin Cash in 2018. As of Q3 of this year, those holdings have devalued by more than $300 million.
With statistics like these, one can’t help but wonder how viable a Bitcoin Cash-based exchange would be in today’s market.
Would you use a Bitcoin Cash-based cryptocurrency exchange? Let us know your thoughts in the comments below! 

Images courtesy of Shutterstock, CoinMarketCap.
The post Is a Bitcoin Cash-Based Cryptocurrency Exchange a Good Idea? appeared first on BeInCrypto .

- - - - -

Thank you for Share!

   
Read the full Article

Read the full Article: Is a Bitcoin Cash-Based Cryptocurrency Exchange a Good Idea?


Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, from leading exponents of BlockChain, Bitcoin and Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Cypto Currencies World.

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

24h Most Popular News