Bitcoin Cash doubles in value after EDX Markets opens

Bitcoin Cash (BCH) rose by more than 100% over the last 7 days. The crypto-currency from a hard fork from Bitcoin is offered on the new EDX Markets institutional stock exchange.

Following the launch of EDX Markets last Tuesday, a cryptocurrency exchange platform founded by Wall Street pundits that aims to “bring the best of traditional finance to the crypto-currency markets,” the Bitcoin Cash price has more than doubled.

Over 7 days, BCH displays a gain of 110%.superforming the entire market. Over the past 24 hours, the price of the digital coin has climbed a further 15% to around 223 dollars.

Bitcoin Cash (BCH) 7-day price – source : Messari

Born in 2017 following a BTC hard forkBitcoin Cash offers a different version of the queen of cryptocurrencies. A hard fork occurs when an existing blockchain splits into 2. The original fork retains the protocol, while the new fork offers technical changes and differences.

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Since its launch, Bitcoin Cash has been much maligned within the ecosystem, and its price has fallen back significantly compared to BTC. Indeed, the token has no longer exceeded its ATH recorded at its debut during the bull run of 2017/2018.

EDX Markets is the result of a partnership between several American financial giants: Charles Schwab, Citadel Securities, Fidelity and Virtu Financial.

In addition to BCHexchange also supports BitcoinEthereum and Litecoin. Platforms in the US are now more cautious about the tokens they offer, while the regulator recently sued Coinbase and Binance for offering assets qualifying as securities.

Bitcoin Cash has become a favorite altcoin for speculative traders over the past week, as money has moved into crypto-assets with greater regulatory clarity,” commented Spencer Hallarn, trader for crypto firm GSR, on Bloomberg.

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