26.02.2024

OKCoin Exchange Closes Trading Forks Bitcoin Cash And Bitcoin SV

Last Friday, crypto exchange OKCoin announced the delisting of two altcoins Bitcoin Cash (BCH) and Bitcoin SV (BSV) from March 1, 2021 . In this way, the marketplace decided to protect newcomers who want to buy bitcoin, but due to inexperience may invest in one of the «clones» of BTC.

OKCoin Platform CEO Hong Fang said:

“It was not an easy decision. We had a choice with collateral damage from the delisting of altcoins, but we had to make a choice in support of the basic principle that we adhere to. «

According to the head of the exchange, the scandal around Craig Wright only caused rejection of the Bitcoin fork by many investors. This person, like those who support him, have created a threat to the crypto community. BCH and BSV are trying to position themselves as true bitcoins, thus causing confusion in the minds of novice traders.

Until now, all three cryptocurrencies have been available to users of the OKCoin platform. Many newbies were confused when they saw that along with real bitcoin, its «clones» were available to them.

Fang hopes other exchanges will follow OKCoin’s lead and remove BCH and BSV from their listing.

Bitcoin exchange rate has set a new all-time high, breaking the level of $ 57,000

After reaching a capitalization of $ 1 trillion, Bitcoin has set a new all-time high, breaking the level of $ 57,000. The rise in the leading cryptocurrency is observed against the background of the announcement of the MicroStrategy company on the successful attraction of $ 1.05 billion by offering convertible bonds for investment in BTC.

“The amount of bonds sold was $ 1.05 billion. MicroStrategy estimates net sales of $ 1.03 billion after discounts for initial buyers and commissions. MicroStrategy intends to use the net proceeds from the sale of bonds to buy additional bitcoins, ”the firm announced.

Since the middle of last year, MicroStrategy has invested $ 1.145 billion in bitcoin. Its position at 71,079 BTC at the current exchange rate is estimated at almost $ 4 billion.

Along with bitcoin, other cryptocurrencies are also rising today. So, Ethereum (ETH) for the first time in history crossed the $ 2000 mark, and Binance Coin (BNB) previously reached $ 342. In addition, REN, Ravencoin (RVN), Huobi Token (HT), OKB and PancakeSwap (CAKE) are growing – they added 40 to 55%.

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