Poloniex, a top-15 cryptocurrency exchange by trading
volume and subsidiary of Circle, announced Wednesday that
it is now offering users the option to trade the two
planned Bitcoin Cash ( BCH ) protocols pre-fork: Bitcoin Cash
ABC (BCHABC) and Bitcoin Cash SV (BCHSV).
As we previously reported , the upcoming fork centers around a
fundamental disagreement between Amaury Séchet’s Bitcoin
ABC and Craig Wright’s nChain over changes to the BCH
protocol that were proposed by ABC. Included in these changes
would be canonical transaction ordering.
Wright claims that the changes would not fit Satoshi’s
original vision, prompting nChain to release its own full
node BCH client, called Bitcoin SV. This new client
notably quadruples the BCH block size to 128MB.
According to Poloniex’s announcement , pre-fork trading is
available for the following pairs: BCHSV/USDC, BCHABC/
USDC, BCHSV/BTC, and BCHABC/BTC.
Since trading began, BCHABC has outperformed BCHSV and
is currently up over 36% while BCHSV is down 64% ($491
vs $86). However, BCHSV’s volume has far exceeded
BCHABC, with more than 446 BTC worth changing hands in
under a day.
Poloniex
Despite some recent drama regarding the upcoming fork, BCH
has traded higher in the last week and now stands at
$579.48, giving the coin a $10.11 billion market cap and
making it the 4th largest cryptocurrency in the AltDex 100
Index (ALT100 ).
volume and subsidiary of Circle, announced Wednesday that
it is now offering users the option to trade the two
planned Bitcoin Cash ( BCH ) protocols pre-fork: Bitcoin Cash
ABC (BCHABC) and Bitcoin Cash SV (BCHSV).
As we previously reported , the upcoming fork centers around a
fundamental disagreement between Amaury Séchet’s Bitcoin
ABC and Craig Wright’s nChain over changes to the BCH
protocol that were proposed by ABC. Included in these changes
would be canonical transaction ordering.
Wright claims that the changes would not fit Satoshi’s
original vision, prompting nChain to release its own full
node BCH client, called Bitcoin SV. This new client
notably quadruples the BCH block size to 128MB.
According to Poloniex’s announcement , pre-fork trading is
available for the following pairs: BCHSV/USDC, BCHABC/
USDC, BCHSV/BTC, and BCHABC/BTC.
Since trading began, BCHABC has outperformed BCHSV and
is currently up over 36% while BCHSV is down 64% ($491
vs $86). However, BCHSV’s volume has far exceeded
BCHABC, with more than 446 BTC worth changing hands in
under a day.
Poloniex
Despite some recent drama regarding the upcoming fork, BCH
has traded higher in the last week and now stands at
$579.48, giving the coin a $10.11 billion market cap and
making it the 4th largest cryptocurrency in the AltDex 100
Index (ALT100 ).
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