These days, trading platforms where you can exchange cryptocurrencies are very popular, and on these platforms there is a high demand for Bitcoin Cash. The new CoinEx trading platform will allow its users to exchange BCH, and this is good news for traders who are always on the lookout for new and interesting options.
People are always wary of new trading platforms at first, because without history there is no trust. Such companies do not have a reputation or a ready-made client base and therefore no one has any particular desire to trust them with their money. However, CoinEx has already quickly attracted the attention of many traders, primarily due to its emphasis on Bitcoin Cash. CoinEx is a platform operated by ViaBTC. Most people who are interested in cryptocurrency are familiar with this name, as this company also operated the largest mining pool. ViaBTC promises its customers that BCH will be the default currency on their new trading platform. According to the company, Bitcoin Cash was chosen as the base cryptocurrency due to fast transactions and relatively low commissions. On CoinEx, exchanges will be available in pairs of BCH to Bitcoin, Etherium, Litecoin, ZEC, DASH.
Moreover, CoinEx will not support fiat. But this is not a bad thing, it means that the company will not have to perform KYC (Know Your Customer) checks. Its essence boils down to the need for a potential client to provide a financial organization with a package of documents containing regulated information about his personality. For people who do not want to undergo such verification, along with CoinEx, they can use the services of KuCoin. Regardless of whether CoinEx becomes a popular trading platform, this is a great experiment that will test the feasibility of a trading platform based on a single cryptocurrency. Bitcoin Cash is without a doubt very popular right now and it seems that this will not change in the foreseeable future.
According to https://themerkle.com
You May Also Like
Byte Power Group intends to conduct an ICO to launch a crypto exchange
Australian company Byte Power Group (BPG) intends to launch the first cryptocurrency exchanger in the country through an ICO. This information appeared on Wednesday, September 5. In a statement to the Australian Securities Exchange (ASX), BPG said it had successfully resolved regulatory issues that were discovered last month and decided to publish details of the fundraising campaign.
Exchanger Bitoasis is trying to reach an agreement with GCC regulators
According to Arabian Business, Dubai-based cryptocurrency exchange Bitoasis said it is working with Gulf Cooperation Council (GCC) regulators to “create a regulatory framework in light of the Saudi Arabian government's ban on digital currencies.” The exchanger's website states that its services are currently available in the UAE, Kuwait, Bahrain, Oman and Saudi Arabia.
