Crypto news 2018/11/08: Six of the top 10 exchanges supports BCH hard fork
1. Six of the top 10 exchanges in BCH trading volume have announced support for BCH hard fork
According to coindesk, six of the top ten crypto exchanges in Bitcoin Cash (BCH) trading volume have announced plans to support BCH's upcoming hard fork on November 15. OKEx, Coin, Bitforex and Firecoin all indicate that they will "support hard forks." Coinbase will support the current roadmap, and if there are multiple viable chains after the fork, Coinbase will ensure that customers can get funding on each chain. Most exchanges say they will suspend BCH access shortly before the fork to ensure that client funds are not at risk due to the instability of the network after the fork.
image source:cryptodigest.com
2. The growth of the global cryptocurrency market stems from the widespread adoption of Bitcoin
According to Prnewswire, the growth of the cryptocurrency market is due to the widespread adoption of Bitcoin, which is experiencing a sharp rise in traffic as it becomes increasingly popular as a payment solution. Although Bitcoin is the main and more common cryptocurrency, there are others, such as Ethereum and XRP. A cryptocurrency such as Ethereum is being used in the financial industry for smart contracts, while other cryptocurrencies may simply be used as a form of decentralized currency. The multifaceted use of cryptocurrencies introduces new applications, many of which are related to the financial industry.
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