Japanese Exchange GMO Coin Set to Resume Bitcoin Cash Trading on ABC’s Chain

Published at: Dec. 3, 2018

GMO Coin, a Japanese cryptocurrency exchange, has resumed Bitcoin Cash (BCH) trading with the BCHABC blockchain, Finance Magnates (FM) reports Dec. 3.

GMO, one of Japan’s largest IT companies, owns GMO Coin. The platform saw around 208,000 users trading around 89 billion yen ($781 million) in the month of October, with profits up 34.4 percent quarter on quarter (QoQ).

The exchange has reportedly “announced that it will be resuming BCH/JPY trading” tomorrow, Dec. 4. The trading had been “temporarily suspended” in an attempt “to avoid the disruption caused” by the recent Nov. 15 hard fork.

Finance Magnates writes that they “reached out to the company to enquire which of the two versions of Bitcoin Cash” the exchange will be listing. The spokesperson is quoted as answering “in our company, the one shown as BCH indicates a Bitcoin Cash called BCHABC.”

As Cointelegraph recently reported, it has been over a week since the Bitcoin Cash blockchain has split in two. BCHABC, the apparent winning faction, is the more “conservative” network, as Cointelegraph explained, which stands against bringing any radical changes to the BCH software.

In the end, the “battle” ended when Calvin Ayre, a supporter of the “losing” faction (BCH SV), called for a “permanent split” after declaring that BCH SV “no longer want[s] the name Bitcoin Cash.”

The same post also claimed that “Bitcoin SV is the original Bitcoin (BTC) not the original Bitcoin Cash” and accused other blockchains of having “tinkered it [Bitcoin] to death.”

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Altcoin
Cryptocurrency Exchange
Bitcoin Cash
Japan
Hard Fork
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