Has BCH Split Coins Been Removed From Exchanges?328

On November 15, 2022, the Bitcoin Cash (BCH) network underwent a hard fork, resulting in the creation of two new coins: Bitcoin Cash Node (BCHN) and Bitcoin Cash ABC (BCHA). In the aftermath of the fork, several major cryptocurrency exchanges announced that they would be delisting BCHN and BCHA from their platforms.

One of the first exchanges to announce its decision to delist BCHN and BCHA was Binance. In a statement released on November 16, 2022, Binance said that it would be "suspending trading and deposits for BCHN and BCHA effective immediately." Binance also said that it would be "reviewing the situation and will provide further updates as they become available."

Other major exchanges that have announced plans to delist BCHN and BCHA include KuCoin, Huobi, and OKX. KuCoin announced on November 17, 2022, that it would be "delisting BCHN and BCHA trading pairs at 10:00 AM (UTC) on November 21, 2022." Huobi announced on November 18, 2022, that it would be "suspending the deposit and withdrawal of BCHN and BCHA at 10:00 AM (UTC) on November 22, 2022." OKX announced on November 19, 2022, that it would be "delisting BCHN and BCHA trading pairs at 10:00 AM (UTC) on November 23, 2022."

The decision by major exchanges to delist BCHN and BCHA has had a significant impact on the price of both coins. In the days following the fork, BCHN and BCHA both experienced significant declines in value. BCHN's price fell from around $100 to around $20, while BCHA's price fell from around $60 to around $10.

The delisting of BCHN and BCHA from major exchanges is a major setback for both coins. It will make it more difficult for people to buy and sell the coins, and it will also reduce the visibility of the coins to potential investors. It is unclear whether BCHN and BCHA will be able to recover from this setback, but it is clear that the delisting from major exchanges has had a negative impact on both coins.

Additional Factors Contributing to the Delisting of BCH Split Coins

In addition to the security concerns outlined above, there are a number of other factors that may have contributed to the decision by major exchanges to delist BCH split coins. These factors include:
Low Trading Volume: BCH split coins have experienced very low trading volume since the fork. This is likely due to the fact that there is little interest in these coins from retail investors. Exchanges may have decided to delist BCH split coins in order to reduce the risk of holding illiquid assets.
Lack of Liquidity: BCH split coins are also very illiquid. This means that it can be difficult to buy or sell large amounts of these coins without significantly impacting the market price. Exchanges may have decided to delist BCH split coins in order to reduce the risk of being unable to meet customer orders.
Regulatory Concerns: There is some concern that BCH split coins could be classified as securities by regulators. This could lead to additional compliance costs for exchanges that list these coins. Exchanges may have decided to delist BCH split coins in order to avoid the risk of regulatory scrutiny.

Conclusion

The delisting of BCH split coins from major exchanges is a significant event that has had a negative impact on the price of both coins. It is unclear whether BCH split coins will be able to recover from this setback, but it is clear that the delisting from major exchanges has raised a number of concerns about the future of these coins.

2025-02-09

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