common-close-0
BYDFi
Trade wherever you are!

Why does Binance support Bitcoin Cash (BCC)?

avatarRondinele de CastroDec 30, 2021 · 3 years ago3 answers

What are the reasons behind Binance's support for Bitcoin Cash (BCC)?

Why does Binance support Bitcoin Cash (BCC)?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    As one of the leading cryptocurrency exchanges, Binance supports Bitcoin Cash (BCC) due to its strong community and market demand. Binance believes in providing a wide range of options for its users, and supporting Bitcoin Cash (BCC) allows them to cater to the preferences of their diverse user base. Additionally, Binance recognizes the potential of Bitcoin Cash (BCC) to offer faster and cheaper transactions compared to Bitcoin (BTC), making it an attractive choice for users who prioritize speed and cost-efficiency.
  • avatarDec 30, 2021 · 3 years ago
    Binance supports Bitcoin Cash (BCC) because it believes in the principles of decentralization and providing users with control over their own funds. Bitcoin Cash (BCC) was created as a result of a hard fork from Bitcoin (BTC) with the aim of increasing the block size and improving scalability. By supporting Bitcoin Cash (BCC), Binance contributes to the development of a more scalable and efficient cryptocurrency ecosystem, which aligns with its mission to empower individuals in the world of digital finance.
  • avatarDec 30, 2021 · 3 years ago
    From a third-party perspective, supporting Bitcoin Cash (BCC) allows BYDFi to tap into the growing market demand for this cryptocurrency. Bitcoin Cash (BCC) has gained significant traction since its creation and has a dedicated community of supporters. By offering support for Bitcoin Cash (BCC), BYDFi aims to attract users who are specifically interested in trading this cryptocurrency, thereby expanding its user base and increasing trading volume.