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
Huobi Exchange may cancel trading of 32 cryptocurrencies
Huobi, one of the largest cryptocurrency exchanges in the world, recently published a list of 32 digital currencies that are at risk. The company marks with the “ST” label companies that issue tokens and do not publish their quarterly or semi-annual report on time twice in a row.
Zebpay exits India
On September 28, Bitcoin company Zebpay officially closed its cryptocurrency exchange in India. This decision was made due to the inability to obtain banking services from commercial banks and financial institutions that are subject to the central bank's ban.
