Trading in Bitcoin’s twin

Announcing support of BCH/INR trading pair

We are glad to announce support of BCH/INR trading pair on Koinex. You will now be able to trade in Bitcoin Cash (BCH), the twin of the world’s oldest and most popular cryptocurrency — Bitcoin.

The Announcement

BCH/INR trading pair will be live on Koinex on Wednesday, October 11, 2017 at 02.00 AM. All our existing users will be able to see a new Bitcoin Cash wallet automatically generated for them. All our new users will find 5 wallets after signing up, namely Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and Bitcoin Cash (BCH).

What is Bitcoin Cash

The Bitcoin blockchain network underwent a hard fork (or software upgrade) on August 1, 2017 which resulted in splitting of the original chain into two separate blockchains. The original chain is still called Bitcoin and transactions on the second chain are made in a new cryptocurrency called Bitcoin Cash. Any user who held Bitcoin as on August 1, 2017 got the equivalent amount of Bitcoin Cash on the forked Bitcoin Cash blockchain.

Current state of Bitcoin Cash

At the time of writing this blog, the total market capitalization of BCH is over $7 billion. There are currently over 16.5 million coins in supply out of the total 21 million coins which are to be mined. Check out real-time information and statistics about Bitcoin Cash on Coinmarketcap.

Source: Coinmarketcap, 10.28 PM IST

What it means for you

If you are a cryptocurrency trader who has been trading in Bitcoin and is currently holding Bitcoin Cash, Koinex presents to you an exciting opportunity to begin trading in BCH and cashing out. Of course, you can always buy BCH too. If you are a cryptocurrency trader who has a sleeping interest in Bitcoin Cash, Koinex presents to you the much awaited opportunity to buy BCH, trade BCH or hold BCH.