Bitcoin Cash is a cryptocurrency created in a hard fork that occurred in August 2017. Bitcoin Cash increased the size of blocks from 8MB to 32MB, allowing more transactions per block to be included in the process compared to Bitcoin. In 2017, a group of Bitcoin users who disagreed with the roadmap proposed by Bitcoin Core created Bitcoin Cash. They believed that some changes were vital for Bitcoin to compete with the traditional payment systems and advocated shifting costs to other parts of the network to lower transaction fees.
BCH is up about 105% in the last 7 days and 15.64% in the last 24 hours. BCH rose after BlackRock filed a spot Bitcoin ETF application with the SEC and EDX Markets went live. The launch of EDX Markets, a platform specifically geared towards institutional investors, may have been instrumental in BCH’s rise. BCH is one of four cryptocurrencies listed on EDX Markets backed by financial giants Fidelity, Schwab, and Citadel Securities.
