Lacking Liquidity
In an announcement on the digital asset trading platform’s official website, OKEX is set to close its Bitcoin Cash (BCH) Market in token trading tomorrow. Writes the company:
We will close all the trading pairs in BCH market of Token Trading at 18:00 Mar 30, 2018 (Hong Kong time, UTC+8) due to inadequate liquidity.
However, Bitcoin Cash will still be available for trading in BTC, ETH and USDT markets (BCH/BTC, BCH/ETH, BCH/USDT).
OKEX also delivers the following recommendation to Bitcoin Cash traders utilizing its platform:
For better management of your funds, we recommend you to cancel your pending orders as soon as possible or our system will cancel them all at the closing time.
Falling Behind
The closing of OKEX’s Bitcoin Cash market signals more trouble for Bitcoin’s struggling step-brother.
Bitcoin Cash was originally created as an alternative coin with bigger blocks to rival Bitcoin’s Segregated Witness (SegWit) block weight optimization upgrade in August 2017. While SegWit gave the option for Bitcoin users to upgrade their wallets …
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