Trading platforms are adding Bitcoin Cash to their services. eToro and Bitstamp both announced support for the cryptocurrency. eToro has begun accepting purchases, while Bitstamp plans to launch tradi
Trading platforms are adding Bitcoin Cash to their services. eToro and Bitstamp both announced support for the cryptocurrency. eToro has begun accepting purchases, while Bitstamp plans to launch trading later this month or in December.
The move brings Bitcoin Cash into eToro's roster of 1,200 securities. The platform hosts bitcoin, ether, ethereum classic, litecoin, dash, and ripple. eToro operates as a European social trading network focused on cryptocurrencies. In July, the company launched the Crypto CopyFund, a strategy that bundles the most popular digital assets into one portfolio.
Yoni Assia, co-founder and CEO of eToro, explained the addition. "The popularity and support for Bitcoin Cash has been clear amongst our user base, which has been asking for eToro to add Bitcoin Cash to the platform in growing numbers," Assia said. "The growth of Bitcoin Cash proves there is space for healthy competition in the battle for the future of currency."
Assia argues that digital assets "will be the investment story of the 21st century." He explained eToro's longer view: "We have long argued that cryptocurrencies represent an important part of our shared future. We believe the growth in cryptocurrencies is only just beginning and that the price growth we are seeing in cryptocurrency assets still does not reflect the future potential of blockchain technology."
Bitcoin Cash originated from a hard fork of the Bitcoin blockchain. Last week, a planned fork called SegWit2x sought to expand the block size to 2MB but was canceled. Following the cancellation, Bitcoin Cash soared to $2,500 on Sunday, then fell nearly 60% by Monday.
Bitcoin Cash trades around $1,093. The cryptocurrency ranks third by market capitalization at $18 billion.
