Bitcoin Offshoot Has More Than Doubled Over The Last Week
- Bitcoin Cash jumps after EDX crypto exchange is announced
- Token seen as possibly benefiting from regulatory changes
This article is for subscribers only.
Bitcoin Cash, one of the early offshoots of the original digital currency, has more than doubled in value over the past week.
The surge began after a new crypto exchange backed by firms including Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp. said it’s gone live. EDX Markets, an institutional-only exchange announced in September 2022, will offer trading in four cryptocurrencies: Bitcoin, Ether, Litecoin and Bitcoin Cash. BlackRock also applied for a Bitcoin exchange-traded fund this month, adding to optimism that the long-sought fund would finally gain regulatory approval.