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South Korea’s Coinplug starts trading Bitcoin Cash

Published 3 years ago by Jasmine Solana

South Korea’s Coinplug starts trading Bitcoin Cash

Coin Geek via

And the latest company to join the mix is Bitcoin brokerage and service provider Coinplug. On Friday, the South Korean company announced the launch of its new trading platform called Coinplug Digital Asset Exchange (CPDAX), where users can trade Bitcoin, Bitcoin Cash, Ethereum and Litecoin. This is the first time that Bitcoin Cash is supported by a Coinplug platform, although the company has already signaled its intention to support BCH. Last Aug. 10, Coinplug said it would “allow Bitcoin Cash trading” and “credit all Coinplug customers with 1:1 ratio of Bitcoin Cash relative to your Bitcoin balance.” Now, Coinplug said users who have created an account on CPDAX “will be given a Bitcoin Cash balance equal to your Bitcoin balance as of August 1st 2017.” “CPDAX is a brand new platform which we rebuilt from the ground up and because it’s a new platform we are unable to transfer existing Coinplug members automatically to CPDAX due to security and legal issues. If you choose to use CPDAX you would need to create a new account at CPDAX and transfer over your assets and funds from your Coinplug account,” the company said in a statement. Coinplug, whose investors include SBI Asset Management and venture capitalist Tim Draper, has also partnered with South Korean bank KB Kookmin on several blockchain projects. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

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