Bitcoin Cash (BCH) Cryptocurrency Exchange Breakdown for BCH SV and BCH ABC
It has been 4 days since the controversial BCH hardfork and now many exchanges have enabled trading of the BCH offerings: BCHSV and BCHABC. Originally, after the hardfork, many major crypto exchanges, including Coinbase, Bitstamp, and Poloniex, had stopped BCH trading and withdrawals for an indefinite amount of time, waiting for stability.
Now, as the dust has settled, many exchanges are resuming trading. Some of the exchanges are:
- Binance: Binance, one of the most popular exchange has initiated the trading of BCHSV and BCHABC. An equal amount of BCH from before the screenshot was taken by the exchange has been converted into the resulting cryptos. Users can now convert BCHSV and BCHABC to or from Bitcoin and Tether. Although the users have to wait for withdrawing and depositing the currency.
- Kukoin: Kukoin is a Chinese cryptocurrency exchange similar to Binance that pays out 90% of daily exchange fees to their token-holders. They just recently raised $20 million in funding. One can convert both BCHSV and BCHABC to/from Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). Just like Binance, their withdrawals and deposits are suspended currently.
- HitBTC: They are the 7th biggest exchange by trade volume. Just like Binance, one can convert either form of BCH to BTC and USDT. Even this exchange is waiting for the currencies to stabilize before they start withdrawals and deposits.
- Gate.io: GAte.io is not as big an exchange when compared to the others on the list and has attracted a lot of controversies around it too. Currently, they have only listed BCHSV which is convertible to/from Tether (USDT) and Bitcoin (BTC). The exchange is soon going to support BCHABC as well.
As the two new cryptos stabilize, we can assume that an increasing number of cryptos will support their trading.