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GMO Coin, a Japanese-based stock exchange, has decided to restart Bitcoin Cash (BCH) trading after the hard fork that occurred two weeks ago. However, there is a problem. Unlike many exchanges that list both forks, GMO Coin decided to list only the Bitcoin Cash ABC currency (BCHABC, BCH on most trades) on its exchange. The BCH trading has been suspended from the fork, but will start again tomorrow morning with the BCH / JPY trading pair.
GMO, a Japanese mining hardware producer, mining company and trading company, began trading last year and in the 7th quarter 2018 traded $ 781 million. GMO Internet started mining in September 2017 and is slowly expanding into the cryptocurrency space.
An exclusive report on the finance moguls explains the decision of GMO Coin, which contains a quote from a GMO spokesperson who says:
In our company, the one shown as BCH indicates a Cash Bitcoin called BCHABC.
Despite this quote, no precise reason has been given that GMO Coin has decided to list only BCHABC. It could be that the exchanges are worried about the stability of the chain. It could, on the other hand, have been a political decision.
While GMOs decided to line up in the fight, many of the rival cryptocurrant exchanges played neutral. Binance, Bittrex and Poloniex have distributed both tokens and have markets for both chains. The GMO plan is similar to that of Coinbase, which previously announced that it will continue to exchange BCHABC with the ticker symbol BCH. Coinbase users will be able to retrieve their BCHSV tokens "at a future date".
Among all the ticker dramas, there have also been price problems with Bitcoin Cash. The entire cryptocurrency space has declined from the fork price, but BCH continues to have irregular trading patterns. BCHSV has reached a & rsquo; 88% surge in 24 hours, which some suspect to be a side effect of maintaining Binance's portfolio.
