BL3P, a European exchange platform has successfully removed Bitcoin Cash from its platform. On the 15th of May, the removal happened after the announcement of the BCH hard fork.
BL3P exchange platform was established in the Netherlands in 2013. The company has fine relationships with local banks and is the only exchange to be licensed from Dutch Central Bank [DNB]. The exchange charges 0.25% fees for trading.
The company had earlier informed its users that it would be removing BCH from the platform. It was stated that the company maintains a strict protocol for altcoins and Bitcoin Cash has failed to meet the requirements hence they are delisting it. The company will officially stop trading and provide services for BCH from the 15th May.
As the website suggests they had given time for withdrawals till the 14th of May. In the limited time frame, consumers were allowed to transfer the BCH into other wallets. Users were warned and suggested with methods to safely transfer the token but the company makes no recommendations.
As reported earlier by AMBcrypto, the hard-fork for BCH shall take place on the 15th of May 2018. The upgrades will include the increase in block size from 8 to 32 and changes will be made to adopt smart contracts.
BCH is ranked number 4 on CoinMarketCap with a market capitalization worth $24 billion. Currently, at the time of writing, the price is staked at $1,416 with a circulating supply worth $1 billion. Since the whole crypto-market was running bear and the prices had dropped by 11% in the last one-week marker.
In the last 24 hour period, the price has seen no significant fluctuations as it has only increased by 0.5%. On the contrary, in the last 1 hour period, the price has increased by 1.3%.
Pranav, a Twitterati says:
“BCH is going to revolutionize the crypto-industry as it always updates and upgrades it system/network. After the hard-fork also the net value will just increase.”
A Redditor says:
“The price is going to shoot up. Investors get ready the time is ripe where you can make hell lot of money.”
Another Redditor says:
“Fellow buyers be carefull don’t buy yet, this hard-fork will bring down Bitcoin rates”
The post Bitcoin Cash [BCH] removed from BL3P following the Hard-Fork appeared first on AMBCrypto.