The biggest crypto-purse in the Netherlands, BL3P, announced the discontinuation of the support of Bitcoin Cash on its platform.
Hard Fork justifies BL3P decision
BL3P's blog, the largest crypto-stock exchange in the Netherlands, is clear that it will no longer manage Bitcoin Cash and that a breakthrough has been planned for this purpose. BL3P breaks Bitcoin Cash support after this currency has confirmed its next hard fork.
"As the removal of BitCash required planning beforehand, the hard fork became a valid reason for the removal of Bitcash on BL3P," the blog said.Bitcoin Cash sparked many shared reactions within the crypto-community when the fork decision was released on May 15th.
The transaction capacity of the BL3P network has been optimized with prices rising in recent weeks. Holders were preparing for a token drop on the new chain.
Bitcoin Cash (BCH) has always been much more volatile than Bitcoin (BTC). The BCH experienced significant price fluctuation as the BTC continued its downward trend over the weekend.
BCH "does not meet the requirements"
The Bitcoin Cash is referenced by BL3P by "Bitcash" and "BCash. " The way the stock market has spoken, suggests that she regrets her decision to terminate his services to the cryptocurrency, following which its users have been forced to move their holdings to other wallet. She gave some explanations on her blog saying:
BL3P maintains a strict selection policy when it comes to supporting altcoins. Bitcash, unfortunately, does not meet these requirements. For this reason, we opt not to treat it on BL3P anymore. In addition, we disable the option to remove Bitcash from May 15, 2018.BL3P's approach echoes that of OKEx, a cryptocurrency platform based in Hong Kong. It announced its split with Bitcoin Cash last April, saying that "insufficient liquidity" was the reason.
Launched in August 2017, Bitcoin Cash was created thanks to a fork of Bitcoin. Proponents of the new cryptocurrency said at that time that BCH transactions were faster and cheaper than those in BTC. Despite this, Bitcoin Cash did not get the hoped-for sucks.
What do you think of BL3P stopping the BCH? Do you think that other crypto-scholarships will follow the movement? Tell us in the comments section below.