It’s been merely four months since the Bitcoin Cash hard fork took place and it has come a long way ahead. After splitting from its legacy chain on August 1, BCH has shown a tremendous growth in terms of price, infrastructure and market cap. At the time of writing, the price of BCH is looming around $1631 for each token. With 16.6 million coins in distribution, it has reached a market cap of 27.2 billion, making it the second most valuable cryptocurrency.
Besides, it has gained support from the online communities all over the world with new exchanges connecting to the BCH network every now and then. Owing to the increasing popularity of Bitcoin Cash (BCH), people are taking more interest in this emerging digital currency. Consequently, there has been a sharp incline in the trade volume of BCH which is ranging between $1-5 billion every 24 hours.
Supported Trading Platforms & Wallets
While initially, there were just four trading platforms that supported Bitcoin Cash, it has now gained support from over 35 online exchanges. The list includes some big names like Kraken, Bittrex, Poloniex, Shapeshift, Bitflyer and Huobi. Out of these, the first four are the world’s leading cryptocurrency exchanges and are available in a large number of countries. Earlier this week, Bitstamp which happens to be the largest cryptocurrency exchange in all of Europe (in terms of trading volume) has also decided to list BCH in its popular currency pairs.
When it comes to wallets for the storage of Bitcoin Cash, options were limited at the time of its launch but not any more. BCH tokens are currently supported by 19 virtual wallets including Ledger, Trezor, KeepKey, Jaxx, Copay, BitPay, Exodus and Stash.
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