Bitcoin Cash finds more takers as Huobi and Korbit show interest

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Cryptocurrency, Bitcoin Cash, Bitcoin

Interest in Bitcoin Cash (BCC) is increasing as the day of the Bitcoin hard fork nears with Huobi and South Korea’s Korbit indicating that they may list Bitcoin Cash (BCC) for trading.

Huobi is one of the largest bitcoin exchanges in the world with trading volumes in tune of $21 million. In a statement the exchange has said that its users who own Bitcoin at the time of the fork will get BCC for free automatically. Huobi said that if you have BTC on Huobi before 20:20, August 1, 2017, you will be given the equivalent amount of BCC – meaning that if you have 1 Bitcoin with Huobi, you will get 1 Bitcoin Cash for free.

Further the Bitcoin exchange has also said that while the current market scenario for BCC will likely be volatile for some time, they will be issuing another statement about BCC trading soon.

ViaBTC was the first exchange to launch Bitcoin Cash trading in futures and after a high of $900, BCC has settled in nicely at $400-$500 mark with volumes increasing as well.

South Korea’s biggest exchange Korbit has also voiced their possible support for Bitcoin Cash trading. In a statement they have said that in case BCC starts gaining traction, they will enable BCC trading within a few days after the UAHF. Further, their decision will also depend on whether this step will be safe or not.

“If we do, we plan to allocate to our users Bitcoin Cash at a 1:1 ratio with Bitcoin based on users’ Bitcoin balance at the time of the UAHF”, Korbit said in a statement.

This effectively adds to the growing pool of Bitcoin Cash supporters. Kraken, Bithumb, ViaBTC, OKex, and others have already said they will list BCC for trading.

However, there are those who are against BCC and have already said they will not support BCC, will not offer BCC to their users and will not list the new coin for trading. The list of opposers include Coinbase, GDAX, Bitstamp among others.

 

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