Real-time
crypto news

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 coingeek.com

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

Bitcoin price plummets as China cracks down on ‘illegal’ token sales

People Also Read Bitcoin has hit a slump after the People’s Bank of China (PBOC) ordered a ban on fundraising activities that use initial coin offerings (ICOs). On Monday, the Chinese central ... Read More

Russia prosecutes 3 in first Bitcoin-related criminal case

People Also Read Three businessmen have found out the hard way that trading bitcoin and other digital currency is not legal—yet—in Russia. Last week, Kostroma police and Federal Security Servi ... Read More

Going mainstream? Bitcoin makes it to John Cena’s Instagram

People Also Read There’s no denying that Bitcoin and cryptocurrencies in general are steadily gaining the interest of people from all walks of life, so much so that even “You can’t see me” wre ... Read More

Beleaguered Bitcoin exchange BTC-e opens new website

On Friday morning, the Bitcoin exchange announced via Twitter that the site is available through the domain btc-e. BTC-e’s original domain was seized by U.S. authorities in July after Russian national ... Read More

A Bitcoin world: with Dr Craig Wright

The talks will each be capped off with a QA between the speaker and the audience. Our speaker Dr. Craig Wright is an Australian computer scientist, businessman and inventor who challenges the world wi ... Read More