An old-school Bitcoin (BTC) hard fork altcoin is making headlines this week after a listing on a new crypto exchange sent the asset’s price soaring. Bitcoin Cash ($BCH), which was spun off from Bitcoin in 2017, is up more than 90% in the past 7 days.
BCH was one of four crypto assets to receive support from the newly launched digital asset marketplace EDX Markets. The new exchange is getting a lot of attention because it received a round of funding from financial heavyweights Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial.
Previous reported: EDX Markets, a Crypto Exchange Backed by Fidelity and Paradigm, Announces Launch and New Funding Round
EDX also offers trading services for Bitcoin, Ethereum (ETH), and Litecoin (LTC). None of the four assets were mentioned in the U.S. Securities and Exchange Commission’s (SEC) unregistered securities charges against Coinbase and Binance earlier this month.
The other three EDX-supported assets have also had strong weeks: Bitcoin is up nearly 15% in the past seven days, Ethereum is up by more than 9%, and Litecoin is up by 15%.
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