Wij can only hope no one will attempt to manipulate the fresh market’s order book merienda trading goes live.
The GDAX trading toneelpodium has become a loterijlot more popular overheen the past few months. There are several reasons for this growth, including the común influx of fresh cryptocurrency traders. The company has also bot looking for ways to integrate Bitcoin Contant. European users have had to wait for access to a euro market due to insufficient liquidity. That wait is almost overheen, spil the market will go live on January 24.
BCH-EUR Market is Coming to GDAX
Everzwijn since GDAX announced support for Bitcoin Metselspecie, there has bot a loterijlot of excitement among BCH users. More specifically, there is genuine rente ter this alternative version of Bitcoin, mainly because it is both cheaper and quicker to use. Spil a result, the “airdropped” currency has soared ter value, even tho’ it is far away from its all-time high right now. With all cryptocurrency markets recovering, prices will eventually go back to frecuente, tho’.
The launch of BCH trading on GDAX has not bot without its issues, mind you. The trading had to be halted within the very first 24 hours because people were clearly manipulating the price. Those matters have ultimately bot resolved, spil BCH-USD trading is available on the toneel merienda again. So far, it seems to be generating a fair amount of volume, however it’s nothing spectacular. The exchange is still a more than welcome addition to the list of trading platforms supporting fiat gateways for BCH.
One thing clearly lacking, however, is a BCH-EUR market. GDAX offers EUR-based markets for all other currencies it presently supports, yet Bitcoin Metselspecie is not one of them. The company determined not to opoffering this market due to a clear lack of liquidity. It wasgoed a rather interesting decision at the time, albeit everyone knew it wasgoed merely a makeshift measure. At that time, there wasgoed no indication if and when such a market would everzwijn be added to GDAX.
Te a latest tweet , the company announced this fresh fiat currency trading pair would go live on the verhoging on January 24. It is fine news for all Bitcoin Specie volgers, even however Europe is a very petite market for all cryptocurrencies thesis days. It is far less significant than the USD and KRW markets right now. Even so, more liquidity related to fiat currencies can never be considered a bad thing. There are very few options when it comes to BCH/EUR trading right now.
Te fact, the only other exchange suggesting this market is Openleggen. Its BCH/EUR market generated US$22.6 million ter volume overheen the past 24 hours, which is not spectacular. It will be interesting to see if GDAX can do better te this regard merienda its fresh market goes live. Some competition among fiat currency exchanges is undoubtedly a good thing, spil there is a growing need for such solutions. The European cryptocurrency markets will need to expand at some point, and GDAX may be the verhoging that facilitates that.
For the time being, wij will have to wait and see how all of this affects the Bitcoin Specie price ter the future. The cryptocurrency markets are still experiencing some bearish momentum after the onslaught earlier this week. Leisurely but surely, things are heading back ter the right direction, but there is still a loterijlot of work to be done. Wij can only hope no one will attempt to manipulate the fresh market’s order book merienda trading goes live.