Cryptocurrency Exchange

Japanese Exchange GMO Coin Enables Bitcoin ABC on its Platform

GMO Coin, a well-known crypto exchange from Japan has declared that its exchange platform will be supporting the ABC version of Bitcoin Cash [BCH]. The Japanese internet giant GMO backs the exchange.

Reportedly, the exchange will re-enable the BCH/JPY trading from tomorrow. Due to the hard fork, the company had stopped the trading of Bitcoin Cash [BCH] on November 15. As we know, the hard fork caused the crypto market to split into two. The exchange stated that the trading has been ‘temporarily suspended’ in an attempt “to avoid the disruption caused by the recent hard fork.”

When the company was asked about which of the two versions the exchange would be listing, the company spokesperson responded, “In our company, the one shown as BCH indicates a Bitcoin Cash called BCHABC.”

The Bitcoin Cash hard fork happened over a week ago. Post the split, BCHABC gained most of the support, as it was largely considered as a more “conservative” network. The entities behind both the camps (BCHABC and BCHSV) claimed that their version is the legitimate one. This scenario had caused the hash war within the crypto world.

Eventually, the war saw an end when Calvin Ayre, a supporter of the “losing” faction (BCH SV), called for a “permanent split” after announcing that BCH SV “no longer want[s] the name Bitcoin Cash.” In the same post, he also stated, “Bitcoin SV is the original Bitcoin (BTC) not the original Bitcoin Cash” and accused other blockchains of having “tinkered it [Bitcoin] to death.”

While GMO coin went on to declare its decision to term Bitcoin ABC as the original Bitcoin Cash, it has not indicated any reason behind it. With that, the decision by the Japanese exchange platform is expected to give reassurance to the supporters and the community. This step by GMO Coin will definitely boost up the Bitcoin ABC.


Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.

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