Binary.com launches trading with Bitcoin Cash

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Coinbase Halts Bitcoin Cash Trading Abruptly After Launch

Pete Rizzo

Coinbase Halts Bitcoin Cash Trading Abruptly After Launch

Shortly after the sudden news it would add support for the cryptocurrency bitcoin cash, U.S. exchange startup Coinbase has already moved to disable trading of its newest asset.

Announced today via a blog post to users, the decision to add the cryptocurrency, the third-largest by market capitalization, comes months after developers backing the effort cloned the bitcoin blockchain, effectively creating a competing network that claimed to enable a greater volume of transactions.

Using a mechanism called a hard fork, however, the project created unique complications for exchanges, as by copying bitcoin’s ledger at the time of the split, Coinbase users who held bitcoin were effectively owners of bitcoin cash as well.

As such, a sudden influx of users armed with capital appears to have put a strain on the exchange, the most well-capitalized in the U.S. market.

At press time, buying and selling of bitcoin cash were disabled on the platform, with the last quoted price listed at nearly $9,000, more than $6,000 above the market price of $2,900, according to data provider CoinMarketCap.

According to the exchange’s official status blog, trading was disabled after about four minutes after it began. Trading went live at 17:20 PST and was pulled back to post-only mode at 17:24, records show.

“All BCH books will enter cancel-only mode, and all existing orders will be cleared. While in cancel-only mode, no new orders will be accepted. We will post an update shortly,” the exchange wrote at 18:30 PST, and later tweeted.

The service outage does not appear to have affected either the exchange’s other assets or its Coinbase brokerage service, which allows users to buy and sell bitcoin, ether and litecoin.

Representatives for Coinbase did not immediately respond to a request for comment.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Coinbase.

Read more about.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Bitcoin.com Launches $200M Bitcoin Cash Investment Fund

Bitcoin .com, the Bitcoin (BTC)-related firm backed by crypto evangelist Roger Ver, is planning to launch its $200 million Bitcoin Cash (BCH) investment fund.

Ver has announced the news speaking at a Bitcoin Cash meetup in London on Nov. 19, as he tweeted on Nov. 20. The event was hosted by major global crypto wallet Blockchain.com. The new Bitcoin Cash Ecosystem Fund will focus on payment solutions and non-custodial financial services for Bitcoin Cash, a cryptocurrency that emerged from a hard fork of Bitcoin in August 2020.

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  • Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE : Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

PR: Binary.com Options Trading to Launch Initial Coin Offering (ICO) in q4 2020

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Binary options pioneer announces highly-anticipated launch offering digital tokens that grant dividend-linked payments through its “IPO on the Blockchain”

Binary.com, the pioneer in online binary options trading, is slated to launch the company’s highly-anticipated Initial Coin Offering (ICO) to give potential investors an opportunity to invest in a “best-of-breed” type of ICO offering that provides dividend-linked payments as an integral and vital roadmap towards the company’s future. Ten million digital tokens will be made available through its ICO on November 15 through to December 25, 2020––through an open auction on Binary.com’s website.

Investors who purchase the tokens will be granted exclusive tokenholder rights. These rights entitle tokenholders to receive payments equivalent to shareholder dividends, as well as convert tokens into ordinary shares.

“The next step for our company is naturally to go public via an IPO. However, an IPO is a cumbersome process that’s remained relatively unchanged for decades. It is ripe for disruption. By opting for the ICO route, we can go beyond the limitations of a traditional IPO. We get a wider reach of potential investors, lower costs of trading and an immutable audit trail of transactions on the blockchain. Through our ICO, we will also establish our trading services among the global cryptocurrency community,” says Binary.com Founder & CEO, Jean-Yves Sireau.

“We also believe that traditional stock exchanges will gradually be replaced by blockchain exchanges in the coming decade. This ICO will give us an opportunity to establish ourselves at the forefront of blockchain innovation,” adds Sireau.

Bitstamp will launch trading of Bitcoin Cash (BCH)

Bitstamp, a large bitcoin exchange in the EU which is licensed in Luxembourg, announced today the company will be listing Bitcoin Cash (BCH) soon for trading. Bitstamp’s decision to add Bitcoin Cash has come in response to strong demand from its users, there is no exact date yet for the launch of live trading capabilities.

In May, Bitstamp did a rebranding of the company image and shortly after added Litecoin (LTC) along with adding Ether (ETH) in August as the latest supported crypto-assets. The company will now have support for Bitcoin, Bitcoin Cash, Ripple, Ether, and Litecoin.

In September, Bitstamp distributed Bitcoin Cash (BCH) balances to customers with corresponding BTC balances on the exchange during the Bitcoin Cash fork event. Users were able to withdraw their BCH funds in a timely fashion. At that time, Bitstamp announced they would be postponing the launch of BCH trading until further notice.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Brokers, Signals and Strategies
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: