Bitfinex now allows margin trading in BCH

Bitfinex now allows margin trading in BCH

- in All News, Cryptocurrencies
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One of the major crypto currency exchanges, Bitfinex, announced on Thursday it now allows margin trading in Bitcoin Cash (BCH). The exchange launched trading in BCH/USD, BCH/BTC and BCH/ETH on Wednesday, just a day after BCH broke off from the main Bitcoin network.

Bitfinex began crediting customers with the new cryptocurrency on August 1, immediately after the first BCH block was mined. However, while their customers were expecting to get 1 BCH per 1 bitcoin held at the time of the split, they complained about receiving 15% less Bitcoin Cash.

Finally, in an announcement on its website, Bitfinex revealed that the coefficient used for distributing BCH was 0.8539. Furthermore, the Crypto-exchange stated that the next step will be to open BCH withdrawals.

Bitfinex is a Hong Kong-based cryptocurrency exchange, which also provides margin trading. It is currently the largest Bitcoin exchange, in terms of volume.

In May, Bitfinex expanded its offering with Dash. Other major coins being traded at this exchange include: Bitcoin, Ethereum, Litecoin, EOS, OmiseGO, Iota, Ethereum Classic, Zcash, Ripple, Santiment, and Monero.

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