As BCH has gained worldwide recognition, more and more exchanges have chosen to add BCH pairs to their markets. Recently, the Bittrex exchange tweeted that BCH had joined the U.S. dollar trading market and qualified Bittrex accounts created before September 4 could be traded.
Bittrex Exchange, also known as B-net, is an American cryptocurrency trading platform. Founded in 2015, it supports more than 200 trading pairs, mainly shanzhai coins. B-net has a large trading volume, and many Chinese investors trade and move bricks on B-net. There are four trading markets in Bittrex exchange, namely us dollar trading market, Bitcoin trading market, Ethereum trading market and USDT trading market. Among them, the trading volume of US dollar trading market is the largest, and the trading pairs of Bitcoin trading market are the largest. Of the four BCH trading markets on B net, only the US dollar trading market does not support BCH trading.
What does BCH’s entry into the Bittrex dollar market mean?
First, B network as a regular exchange of a us listing, trading in its platform belongs to the legitimate, which also contributed to the trading platform of the early glory, B net has a high popularity in foreign countries, and in the platform launched itself is a kind of strength, therefore, in network B online for the first time the currency, will be favored by the investors must have. Moreover, BCH is launched in THE US dollar trading market of NET B, and the trading pairs in the US dollar trading market are all mainstream currencies. BCH is one of the currencies with a relatively short birth time. Therefore, for American investors, it will increase their confidence in BCH.
Secondly, improve the BCH ecosystem. Trading platform as a part of the ecological system, the encryption currency in encryption in the currency of the ecological system, plays an important role, is one of the most obvious is the role of cognitive and purchase, B network as established exchange, launched its currency are after some consideration and review, BCH $online trading market, on the one hand can prove BCH from the side, On the other hand, it is also convenient for investors to buy and understand.
Finally, the launch of a large exchange will push up the value of the currency, contributing to the return of BCH value. The news of the launch of BCH dollar trading market was released a week ago, which was also directly released by the official Twitter of BCH. Coincidentally, the price of BCH currency rose by as much as 30% last week. There are many factors that can decided to encrypt the currency price, encryption currency exchange support or not played a role, such as online the coinbase exchange currency, before to do a good job in strict confidential for anyone in the exchange online currencies, at the beginning of the online dynamic ushered in the substantial rise, ETC of suddenly launched in June, Let it rise by more than half, and that’s in a bear market.
B network’s support is not gratuitous, but based on the widespread use and acceptance of BCH.
At the same time that B net announced to add BCH to the US dollar trading market, the actual application of BCH — payment function is also well underway. Popular forum 4chan now accepts four digital currencies for passes, including BCH, according to Bitcoin.com. The $20 annual pass allows users to bypass password verification when Posting content. Separately, Big Tickets announced its integration with Bitpay and now accepts Bitcoin Cash (BCH) for online transactions such as buying Tickets, according to Prnewswire.
In addition to these cases of direct payments using BCH, South African digital currency company Centbee also recently released a beta version of its Bitcoin Cash wallet, which allows users to send BCH to each other via their mobile phone. The app allows people to receive, hold and spend BCH. Based on the low and efficient transfer efficiency of BCH, more and more merchants and third-party suppliers choose to join in, and the use of BCH daily payment has been gradually popularized among online merchants.