Exchange launches BCH-based trading pairs

According to Bitcoin.com, a digital currency exchange launched a trading platform called Voltaire.cash on September 25th, preparing to use BCH as the underlying trading pair for all transactions. According to the developer, the exchange will initially provide Bitcoin and Bitcoin cash transactions, and then gradually launch Ethereum and Dogecoin BCH trading pairs.

Exchange underlying trading currency status

Due to the particularity of the cryptocurrency and the influence of the big environment, most exchanges do not support direct purchase of legal tender. Based on this situation, Tether has launched Token Tether USD with USD anchoring, 1 USDT = 1 USD, users can Use USDT and USD for 1:1 redemption at any time. Tether guarantees that it will strictly abide by the 1:1 reserve guarantee, that is, for every USDT Token issued, its bank account will have a $1 guarantee. With the prevalence of cryptocurrency exchanges, USDT has gradually been accepted by major exchanges and has become the base currency in most exchanges.

In addition to the USDT, there are also Bitcoin trading pairs, Ethereum trading pairs and the respective platform currency trading pairs of each exchange. However, according to the actual situation, the most active trading pair is still dominated by USDT. The transactions of Bitcoin and Ethereum are relatively low, as is BCH. Existing BCH-based exchanges, including the coinex exchange, the PandaExchange exchange, etc.

For the exchange, what is the benefit of launching a BCH transaction?

First of all, enriching the user’s transaction choices helps to improve the user experience.

After a year of development, BCH has been supported by more than 100 exchanges and 8 large mining pools (Citicoins.com and BTC.COM data), with high recognition and support worldwide. The current market value ranking is stable in the fourth place. It is reasonable for the exchange to launch trading pairs based on BCH, and with the improvement of BCH ecological construction, more and more new exchanges will be added. This is an obvious trend.

Second, as a marketing tool, it can attract a large number of supporters of BCH.

BCH can develop to this point in just one year, and its high quality supporters have played a big role. For example, we can often see “Bitcoin Jesus” roger ver publicly preaching BCH and participating Related debates. Once the Voltaire.cash trading platform was launched, it was supported by the Bitcoin.com website, which is how roger ver strives to promote BCH. The exchange’s support for BCH will inevitably be welcomed by some supporters.

Finally, BCH’s efficient transfer features can improve the trading efficiency of the exchange.

As we all know, all transactions in the exchange are centralized. The transactions are not packaged in the blockchain, but are completed by third-party exchanges. Chain transactions will only occur when investors raise coins and charge coins. When raising coins and refilling coins, investors need to wait for different time depending on the currency. For example, when Bitcoin is congested, the time for charging Bitcoin will be based on the transaction fee, if you are not willing to pay a high amount. The handling fee, waiting for a few hours is also a common occurrence. If it is BCH, this will not happen, and the normal situation will be stable around 10 minutes.

The currency market is different from the stock market. There is no upper and lower limit and time limit for the price of the currency. In addition, the speciality of the cryptocurrency itself, so the price fluctuations will be exaggerated in some cases. When the currency price fluctuates drastically, if you want to operate quickly, such as selling or buying, it is impossible to support without a fast-acquisition currency. For example, Bitcoin price rose in a short period of time. Investors wanted to sell Bitcoin in their wallet on the exchange, waited for hours at the exchange address, and waited for Bitcoin to transfer. Whether the currency price will stand at a high level or an unknown number.