‘Bitcoin Cash’ is a real option for the crypto world
Crypto Coins is currently testing a new altcoin called Bitcoin Cash that is similar to Bitcoin, but does not include the hard forks Bitcoin is now experiencing.
The altcoin is currently being traded as “Bitcoin Cash” on the Bitfinex exchange.
“Bitcoin is currently experiencing hard forks,” the company said in a statement, adding that it has been in beta testing for about two weeks.
The company is currently trading Bitcoin Cash at around $1,200 per coin.
“Our focus at Bitfinext is to provide an efficient and reliable exchange for Bitcoin Cash,” the statement continued.
“The altcoin was created by two Bitcoin Cash developers, which has been working closely with us.”
The statement did not say whether the company has plans to move the altcoin into its own wallet.
A statement from the company did not elaborate.
Bitcoin is still the dominant cryptocurrency and has a market cap of about $10.6 trillion.
Bitcoin Cash, the alt-coin that was created in a parallel universe to Bitcoin and has the same codebase, is now worth about $1.3 billion.
The Bitcoin Cash fork caused a major setback for Bitcoin as it crashed to a near-collapse in value over the last week.
Bitcoin prices fell more than 50% in a matter of days.