EDXM Delists Bitcoin Cash (BCH)
EDX Markets, also known as EDXM or simply EDX, has announced that it will no longer support Bitcoin Cash (BCH) as a tradable asset on its platform. The decision to delist BCH comes amidst increased volatility in the crypto market and speculation about the exchange’s future plans.
Confirmation of Delisting
Jeanine Hightower-Sellitto, Chief Strategy Officer (CSO) for EDXM, confirmed the delisting of BCH. However, specific details regarding the reasons behind this decision were not provided. Hightower-Sellitto directed users to the exchange’s “Trading Resources” page for information on current cryptocurrency offerings and encouraged them to subscribe to the newsletter for future updates.
EDXM’s Selective Approach to Cryptocurrency Listings
EDXM CEO Jamil Nazarali had previously mentioned that the exchange takes a selective approach to cryptocurrency listings due to regulatory considerations. Compliance with U.S. Securities and Exchange Commission (SEC) regulations is crucial in preventing a cryptocurrency from being classified as a security. As of now, EDXM only supports Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) for trading.
Speculation on XRP Listing
Many market observers anticipate that EDXM will add XRP, the token issued by Ripple, to its platform. This speculation arises from XRP’s recent legal win, where it was ruled not to be a security by Judge Analisa Torres. However, there is no confirmation of this listing yet.
The Impact of EDXM’s Decision
The delisting of BCH on EDXM has generated curiosity within the cryptocurrency community. It is seen as a potential indicator of broader trends within the industry as regulations continue to shape trading offerings. Further details and explanations from EDXM are eagerly awaited by the community.
Hot Take: Delisting Bitcoin Cash on EDXM Raises Questions
The decision by EDXM to delist Bitcoin Cash (BCH) from its platform has sparked speculation and raised questions within the cryptocurrency community. While specific reasons for the delisting were not provided, it aligns with EDXM’s selective approach to cryptocurrency listings based on regulatory considerations. With XRP’s recent legal win, there is anticipation that it may be added to the platform in the future. As the industry continues to evolve and regulations play a significant role, EDXM’s decision may reflect broader trends in the market. The community eagerly awaits further information from EDXM regarding this move.
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