What is Bitcoin Cash Bitcoin Cash was created by the Bitcoin hard fork on August 1, 2017, made a new version of the blockchain with different rules. Bitcoi...
Bitcoin Cash was created by the Bitcoin hard fork on August 1, 2017, made a new version of the blockchain with different rules. Bitcoin Cash was created as a result of counteracting a prolonged Bitcoin scalability problem. It works by switching from the main Bitcoin blockchain to a new version, the software now has capacity for a larger number of transactions (by eight megabytes to be exact).
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Since the infant cryptocurrency launched it had more than doubled in value from the initial Bitcoin Cash price of $300 to over $600. Investors are wondering if this could be labeled the ‘new king of cryptocurrencies’.
But Bitcoin Cash got off to a slow start in the beginning. If it was not for the Bitcoin Cash mining algorithm breathing life in to the new instrument, it would not seem as attractive to profit-seeking computer miners.
Once the finance markets got wind of this jump and rise in the rate at which the ‘blocks’ were being produced (known as hash rate), traders and investors started to bid up the BCH price, hence its rise in popularity.
Easy Forex offers you the opportunity to BUY (go long) or SELL (go short) on all Bitcoin Cash trades. This service is available to you 24/7. You can use your preferred trading strategies regardless of which way the currency is moving.
We encourage you to learn more about Bitcoin Cash trading by visiting our trading conditions & charges page.
Please note: The cryptocurrencies market’s high volatility offers endless trading opportunities.
Don’t miss your opportunity to trade Bitcoin Cash with one of the best forex brokers.Due to price fluctuation, certain crypto pairs may be suspended and/or removed from our trading platforms periodically.
When trading with Easy Forex you are trading on the price changes of the digital coin, and not physically purchasing it.
The maximum accumulated position size for Bitcoin Cash is $200,000 notional value, details in our Conditions and Charges page.