One of the largest Bitcoin exchanges in the world and Europe’s biggest – Kraken – has confirmed it will be listing Bitcoin Cash (BCC) for trading.
Kraken confirmed that post the August 1 hard fork it will be listing Bitcoin Cash for trading. The ticket that Kraken is going to use for Bitcoin Cash is BCH. It will be listing BCH for trading as following pairs: BCH/XBT, BCH/USD, BCH/EUR. We would to remind our readers that Bitcoin Cash hasn’t got any valid ticker yet with some exchanges calling it BCC while others calling it BCH.
The Bitcoin Cash ticker confusion was started off by Bitfinex who called BCC as a as a “spurious forking of the Bitcoin project.” They then said that they will be using BCH as ticker and “Bcash” as the cryptocoin’s descriptive name.
Previously Kraken had also stated that just like the recent ETH hard fork, they will be crediting their clients with BTC and BCC and will suspend trading and funding for a certain hours to ensure safety from replay attacks. The exchange added that they will be listing both the assets created as a result of the hard fork – one that accept BIP141 or BIP95 and the other one.
Bitcoin Cash has already started trading on ViaBTC future where the cryptocurrency is faring well with prices hovering at around $400. A number of other exchanges have confirmed their support for BCC.
OKCoin International has said they will allow withdrawals, but are not yet sure about listing. Bitcoin’s biggest mining pool Bitmain mulls Bitcoin Cash (BCC) has also revealed that they are thinking over supporting BCC.
While there are those who are showing support, Coinbase and GDAX aren’t game and have already angered their users by stating that they will not allow BCC withdrawals. This stance has had a knock on effect on GDAX volumes of Bitcoin trading that have just recently fallen substantially.