We’re excited to announce that SFOX supports Bitcoin Cash (BCH) trading.
This move gives traders the power to buy and sell BCH directly with SFOX through its ability to trade across multiple different exchanges, and with access to 9 advanced trading algorithms.
With Bitcoin Cash on SFOX, you can now:
- Trade both BCH/BTC and BCH/USD
- Trade BCH directly with SFOX harvesting its ability to trade across multiple exchanges (Bitfinex, Bitstamp and Quoine to start)
- Trade BCH using SFOX’s advanced trading algorithms
Today, Bitcoin Cash is the #3 cryptocurrency by market capitalization. We’ve received numerous requests from SFOX customers to open up trading of Bitcoin Cash. But more broadly, opening up SFOX’s API and algorithms to Bitcoin Cash and allowing our customers to trade it more easily is part of SFOX’s larger mission when it comes to cryptocurrency adoption.
Why Bitcoin Cash?
Bitcoin Cash (BCH) envisions itself as a kind of “PayPal 2.0”, a system for peer-to-peer electronic cash. The ultimate goal of Bitcoin Cash is to make bitcoin as common as the cash (or credit card) in your pocket today — as the way to buy your cup of coffee in the morning and your groceries before you head home at night.
BCH is part of a growing number of cryptocurrencies, each of which tries to address a different problem for a different community. In addition to supporting Bitcoin Cash, we plan to support Ethereum in the coming months. By supporting multiple cryptocurrencies, we believe that we’ll be able to help grow the ecosystem as a whole.
With our support of Bitcoin Cash, we’re excited to help bring greater liquidity and accessibility to the market for Bitcoin Cash and help push its adoption forward.
How to Trade Bitcoin Cash
Users will be able to trade Bitcoin Cash for BTC in 40 states and for USD in over 20 states. Institutions and professional traders in those approved states can get trading BCH with all of SFOX’s advanced trading algorithms — starting now.
To trade, just select BCH/USD or BCH/BTC from the dropdown menu in the top-right corner of the SFOX orderbook.
The above references an opinion and is for informational purposes only. It is not intended as and does not constitute investment advice, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any cryptocurrency, security, product, service or investment. Seek a duly licensed professional for investment advice. The information provided here or in any communication containing a link to this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject SFOX, Inc. or its affiliates to any registration requirement within such jurisdiction or country. Neither the information, nor any opinion contained in this site constitutes a solicitation or offer by SFOX, Inc. or its affiliates to buy or sell any cryptocurrencies, securities, futures, options or other financial instruments or provide any investment advice or service.