Bitcoin Cash based currency is Kita

Bitcoin's cash will be the basic currency of Coinex

Viabtc announced the start of a new encryption exchange following the closure of the previous exchange due to crackdown on China's cryptographic infringement on 30th September . According to the public record Coinex applied for establishment in the UK on December 4.

Sara Ouyang, Via Buchi 's Chief Operating Officer (COO) raises a lower fee as a catalyst in the decision to use bit coin cash as the base currency of the exchange. "The reason I chose [BCH] rather than BTC is that the fee is low and the performance is excellent in terms of usability", says Ouyang. Viabtc is one of three large BCH mining pools.

At the beginning, the new exchanges in Beibb provide Bitcoin cash transaction pair for Bitcoin, Ethereum, Litecoin, Zcash, and Dash

Ouyang revealed that the company is planning to offer margin trading and encryption derivative trading products in the future. Viabtc also showed that Ouyang is developing a storefront (OTC) trading platform that states "complements the ecosystem."

In July, Via Buchi became the first transaction to list the non-existent Bitcoin Cash futures markets, trading about 2,200 yuan ($ 325 USD). Just two months later, the exchange announced that it will cease offering exchange services to customers on Mainland China on September 30 due to crackdown on Chinese cryptographic infringement.

Last month, Bitcoin Cash received a hard fork trying to fix cryptographic difficulty algorithm adjustment (DAA) . Since the fork, the unstable block time interval witnessed before has ended. Comparison between BCH and BTC Mining profitability has been leveled and consistently maintained in recent years. BCH also witnessed the consistent increase in the number of transactions handled over the network , indicating an increase in use and diffusion. Coinex exchanges are scheduled to start on the website this month.