How the exchanges are reacting to Bitcoincash

in bitcpin •  8 years ago 

Bitcoin Cash is borne few minutes back posing greatchallenge before exchanges in dealings with customers.
Out of helplessness many agreed to list Bitcoin Cash to supply Bitcoin Cash tokens to their customers' accounts.
However, the margin trading is going to be a challenging task. image

Kraken has decided that long positions would be credited with Bitcoin Cash, while short positions will owe Bitcoin Cash to the exchange, which looks logical. However, Bitfinex has taken reverse stance and decided to award Bitcoin Cash for short positions and seeking funds from long positions in exchange.

traders on Bitfinex are overwhelmingly “short,” while traders on Kraken are likely disproportionately “long.”

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@maochitse its an interesting observation. Kraken paying for long positions and bitfinex paying for short. This gives clear arbitrage opportunity to the traders to short on bitfinex and go long on kraken. Awsome. Thank you for the tip. Let me go back and

@maochitse interestingly this is really a new aspect of the bitcoin cash fork. I was following the price movements today when it was trading at nearly $420. Thats a grand debut for a stronger currency just like the original bitcoin. I am sure those who opted for bitcoincash would be definately happy about their decision

This post has received a 0.45 % upvote from @drotto thanks to: @banjo.

@coffeelovers got you a $1.0 @minnowbooster upgoat, nice!
@coffeelovers got you a $1.0 @minnowbooster upgoat, nice! (Image: pixabay.com)


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