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It is not entirely surprising to learn Ooloniex has finally come around on Bitcoin Cash. More specifically, the company has received quite a bit of backlash over their attitude so far. The exchange recently suffered a major outage which causes a lot of bad blood. It now appears they will finally come around and support Bitcoin Cash in the future. That is the only right decision to make at this point, that much is evident. It has been a couple of interesting few days for Bitcoin Cash supporters.
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Antonio Madeira Apr 18, While Bitcoin tends to have slight price premiums and discounts in different currency markets like the CNY or INR, some exchanges are now trading Bitcoin with a considerable premium. Bitcoinist explains why. A quick look at the Bitcoin prices from all exchanges in the field and one will notice a small anomaly. What is going on? This premium is due to the difficulty experienced in withdrawing fiat currency from these exchanges, in this case, the U. While Bitfinex seems to be experiencing problems on the fiat side due to recent complications with partner banks, there also seem to be some problems with liquidating the USDT cryptocurrency token that replaces the USD currency on the Poloniex exchange.
Which countries are supported?
It is not entirely surprising to learn Poloniex has finally come around on Bitcoin Cash. More specifically, the company has received quite a bit of backlash over their attitude so far. Oploniex exchange recently suffered a major outage which causes a lot of bad blood. It now appears they will finally come around and support Bitcoin Cash in the future. That is the only right decision to make at this point, that much is evident.
It polonies been a couple of interesting few days for Bitcoin Cash supporters. Some exchanges supported this altcoin from day one, whereas others held off as long as possible.
Poloniex was one of those platforms officially not supporting BCH in any way. However, that situation is no longer valid, as they recently posted an update to clarify the situation. More specifically, they were hesitant to support BCH due to potential network inconsistencies and whatnot. However, now that things have calmed down somewhat, the time has come to revisit this topic.
More specifically, Poloniex will officially suppor t Bitcoin Cash over the next few weeks. This shows the company effectively has the BCH in question in custody for several days. The funds are expected to be released by August 14th at the latest, which is still more than a week away. It is unclear what is causing this massive delay exactly. Do keep in mind this decision does not polonix Poloniex will open a trading market. It is certainly possible BCH will be supported by the company in the long run.
For now, there will be no trading pairs enabled Then again, the company may revisit that decision before the coins are credited as. There are still a lot of uncertainties as far as Poloniex is concerned, that much is evident. Perhaps the most noteworthy aspect of the announcement is the withdrawal issue. Anyone who receives Bitcoin Cash on Poloniex will not be able to take it out of their account immediately. No one should feel comfortable leaving money in an exchange wallet these days.
Especially not if that company is Poloniex, notorious for withdrawal delay and other how do you buy bitcoin on poloniex that will affect your experience. It will be interesting to see how this situation jow in the coming weeks. Header image courtesy of Shutterstock. Leave a Reply Cancel reply You must be logged in to post a comment. We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy. How Can I Buy Litecoin? How Can I Mine Litecoin?
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