Uphold Activates Bitcoin Cash Trading

Blockchain, FinTech, Investing, News, Now Accepting | September 25, 2017 By:

Uphold has become one of the first exchanges to enable access to Bitcoin Cash funds gained last month when the hard fork arrived.

The exchange members holding Bitcoin Cash received 1:1 equivalent on Uphold Bitcoin Cash cards. The funds were “hold only” until last week, but now can be converted into any of the more than 30 currencies and commodities supported by the platform. Deposits and withdrawals are also now activated.

Uphold provides financial services via a money platforms that has handled more than $1.6B USD in transactions by members across 174 countries, in 30 supported currencies and four commodities.  Uphold has operations in Braga, London, Los Angeles, Mexico City, San Francisco and Shanghai.

“The release of Bitcoin Cash is a significant event for the bitcoin ecosystem,” said Adrian Steckel, the CEO and Chairman of Uphold. “Uphold is delighted to be among the first to allow members to easily transact in BCH.”

Uphold claims it has spent the weeks since the fork monitoring Bitcoin Cash to ensure that the new coin’s stability and trading characteristics have attained the thresholds required to open deposits, withdrawals and trading.

The Bitcoin Cash launch comes just a few weeks after Uphold announced support for the Basic Attention Token (BAT), and represents Uphold’s next step in the expansion of its platform to support digital currencies, including tokens, coins and emerging assets.