Bitcoin, Blockchain & Cryptocurrency News

bitcoin Bitcoin
ethereum Ethereum
ripple XRP
Show details
Man in Suit Choosing BCH ABC Sign of BCH SV

GMO Coin Cryptocurrency Exchange Resumes Bitcoin Cash ABC (BCHABC) Trading  

Reading Time: 2 minutes by on December 5, 2018 Altcoins, Exchange, Finance, News

GMO Coin, the digital assets trading venue owned by Japan’s GMO Internet, Inc. has reportedly made it clear that bitcoin cash ABC is its preferred choice among the two versions of the November 15, 2018, hard fork. BCHABC trading was expected to resume on December 4, 2018, according to a Finance Magnates report on December 3, 2018.

GMO Coin Resumes BCHABC Trading

The battle for supremacy between the two forked versions of bitcoin cash, bitcoin cash ABC (Adjustable Blocksize Cap BCHABC) and bitcoin cash SV (Satoshi Vision BCHSV), is far from over. Exchanges and trading venues are making their stance clearer with each passing day.  

Per Finance Magnates, Japan’s GMO Coin exchange has joined the growing list of cryptocurrency exchanges in support of BCHABC, as the platform has resumed trading the altcoin after a brief suspension following the November 15 hard fork.

According to sources close to the development, representatives of the cryptocurrency trading venue had earlier stated categorically that BCHABC is the more recognized version of the two competing coins and as such, will be the only BCH variant available for trading on the platform.

“In our company, the one shown as BCH indicates a Bitcoin Cash called BCHABC,” read a roughly translated comment by GMO Coin’s spokesperson.

Led by Roger Ver and supported by some heavyweights in the cryptospace including Bitmain, Binance, and Coinbase, bitcoin cash ABC has some improvements that make it support “the use of oracles and cross-chain atomic contracts,” and more.

On the other hand, the bitcoin cash SV movement is championed by controversial bitcoin figure, Craig Wright, CoinGeek, and others who believe that BCHABC doesn’t function in line with Satoshi’s vision.

Unending Controversies

Since its birth on August 1, 2017, proponents of bitcoin cash have not ceased claiming the digital asset represents the real vision of Satoshi Nakamoto, and they have used various means both ethical and unethical to promote the controversial altcoin.

As reported by BTCManager in April 2018, a group of cryptocurrency enthusiasts criticized Roger Ver’s unethical marketing tactics of bitcoin cash, threatening to file a lawsuit against the controversial “Bitcoin Jesus” for deliberating misusing the “bitcoin” name on his website, thereby misleading crypto newbies into buying the wrong bitcoin.

“Bitcoin Cash (BCH) is marketing itself as Bitcoin (BTC), scamming consumers into thinking they are buying Bitcoin at a lower price,” stated Misha Guttentag, a 2017 Yale Law School graduate at the time.

Like BTCMANAGER? Send us a tip!
Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4
Join our telegram channel