Bitcoin Diamond trading started on exchanges

Bitcoin Diamond trading started on exchanges

The Bitcoin Diamond fork spun off from the main Bitcoin blockchain at block 495866. Several exchanges have reported that they have already launched trading in pairs with the new cryptocurrency or are going to do so in the near future.

At the moment we are talking about futures trading, since the infrastructure of the new cryptocurrency is almost completely absent. After the incident with Bitcoin Gold, as a result of which bitcoin holders lost more than $ 3 million, users are in no hurry to resort to the help of little-known developers to get the coins they owe. In addition, the Bitcoin Diamond code was never published on GitHub (the developers promised to do this after the fork process was completed). Wallet developers need to familiarize themselves with this code to implement support for the new cryptocurrency in their services, as, for example, Trezor did before announcing that the Bitcoin Gold fork does not pose any threats..

Bitcoin Diamond has already been listed on the CoinMarketCap website. The service currently processes data from the following platforms: Binance, EXX, AEX, YoBit, and Gate.io. In general, it can be noted that the new fork is traded on small and experimental sites. Probably the most reliable option at the moment is Binance. OKEx and several other exchanges, mainly with Chinese and Korean roots, promise to add support for Bitcoin Diamond today or in the coming days.

According to CoinMarketCap, Bitcoin Diamond trading for some time took place in the $ 65- $ 75 channel, and a few hours ago, at its peak, the price of the cryptocurrency approached the $ 100 level..

Bitcoin Diamond trading started on exchanges

It should be noted that the vast majority of bitcoin holders have not yet received the new cryptocurrency tokens, and the exchanges do not accept deposits yet. When this happens, the selling pressure on the market can skyrocket. However, given the current level and speed of development of the Bitcoin Diamond ecosystem, it can be assumed that this could take several months. The Bitcoin Diamond developers, in turn, recommend that bitcoin holders independently require the issuance of BCD coins from the services that they use to store cryptocurrency.

Photo: Bjoern Wylezich

Bitcoin Diamond Trading Begins On Exchanges