In a very surprising and interesting approach, ViaBTC – mining pool, is going to push forward and initiate BCH trading pairs in its new migrated exchange CoinEx.
ViaBTC was forced to shutter CoinEx’s China-based operations in October, when Chinese Communist Party officials mandated domestic cryptocurrency exchanges be shuttered in the nation indefinitely. Now, ViaBTC has moved CoinEx’s operations to the United Kingdom and hopes to re-open the exchange with a bang thanks to first-mover BCH trading pairs.
The event could be quite welcomed bu the BCH community as a push as the Bitcoin Cash enthusiasts are trying to poach new users while the BTC legacy network is going through congestion and higher transaction fees.
ViaBTC chief operating office, Sara Ouyhan – commented on the matter, adding that this would be the most natural fit to go forwards:
“The reason we chose [bitcoin cash] over [bitcoin] is that it has much faster transactions with low fees and better performance in terms of usability.”
This could be a new path of development with a very simple but effective usefulness – the new merchant possibilities, just consider, for example, Steam – the giant gaming online marketplace which declared that it is going to drop Bitcoin as a payment because of its high fees and price volatility.
And while stilling trailing Bitcoin and Ethereum in overall adoption, Bitcoin Cash has notched several other notable “wins” in recent days that have users more enthusiastic than ever.
For example, the CEO of Yours recently announced that the company would be relying on BCH over competitors like Bitcoin and Litecoin (LTC).
Back on the subject of CoinEx, the exchange aims to offer BCH/LTC, BTC/ETH, BTC/DASH, BTC/ZEC, and — of course — BCH/BTC trading pairs.