Circle Invest, the mobile crypto trading app from payment giant Circle, has finally re-started trading of Bitcoin Cash (BCH). In addition, they’ve added trading for the controversial forked coin, Bitcoin Cash Satoshi’s Vision (BSV) - as announced on Twitter:
BSV is now available on Circle Invest and BCH trading has been re-enabled!— Circle Invest (@circleinvest) December 12, 2018
Previously, on November 16, one day after the fork, Circle announced that they would be suspending trading as a precautionary measure:
Trading of Bitcoin Cash (BCH) remains suspended as we continue to monitor the outcome of yesterday's hard fork. Once there is more certainty around the viability of the forked coins (BCHABC/BCHSV), users will be notified. https://t.co/czLfBE34x3— Circle Invest (@circleinvest) November 16, 2018
Circle Invest allows users to buy and sell many cryptocurrencies, including BTC, ETH, BCH, ETC, LTC, ZEC, XMR, and many more, all from their simple mobile app. With these crypto additions, it seems Circle could be catching up to rival exchange Coinbase. Circle not only has more coins, but they also have lower fees, with buy and sell trades costing about 1% each way. For comparison, Coinbase charges users between 2-3%.
Bitcoin Cash Fork Wars
Since the Bitcoin Cash hard fork on November 15, 2018, there’s been a bit of confusion as to what the exchanges would do with user’s BCH that were left on the exchange. Some of the exchanges gave users their forked coins instantly, while some stopped trading completely to avoid any technical issues. Other exchanges took sides, and decided to trade only Bitcoin Cash ABC.
Despite all of the exchange drama, the events of the hard fork have definitely kept crypto traders on their toes. After the fork, Bitcoin Cash SV pumped 88% in 24 hours. While some believe this movement was due to Binance maintenance, it’s still a considerable movement in this crypto bear market.
The Battle For Bitcoin Cash
Initially, many analysts believed that Bitcoin Cash ABC would reign supreme in the battle between the BCH’s. However, as time goes on, it seems that Bitcoin Cash SV is pulling ahead. Thanks to widespread exchange adoption, like with Circle Invest, as well as Calvin Ayre and Craig Wright’s enthusiasm for BSV, many people are holding onto their BSV tokens.