Coinfloor decides to list Bitcoin Cash due to increasing demand

UK-based bitcoin exchange Coinfloor, as a follow up to its announcement earlier in the week, when the company said it would decide whether to list BCC after August 1st based on user demand, has now determined they will in fact list Bitcoin Cash (BCC).

The Coinfloor team said:

“We have taken the decision to support Bitcoin Cash, due to the increasing demand from our clients to add support. As a reminder, Bitcoin Cash is a new cryptocurrency that is similar to but not in consensus with Bitcoin.”

Coinfloor will be doing the following:

As with Coinfloor’s 100% multi-signature cold Bitcoin storage policy, all client’s Bitcoin Cash will be deposited directly into, stored in and withdrawn from 100% multi-signature cold storage.

Initially, Advance Withdrawals service will not be available for BCC. Clients will need to wait for daily cold storage withdrawals to receive BCC they wish to withdraw. Coinfloor may increase the number of confirmations required for a deposit of Bitcoin to be processed from 3 to 6 as a safety precaution.

Coinfloor’s aim is to minimize disruption to clients.  However, the company may pause the processing of deposits and withdrawals or trading of Bitcoin and Bitcoin Cash temporarily, if they feel it is necessary. Given the fluidity of the situation, Coinfloor says they reserve the right to not proceed with all or part of the above plan if there is a significant change in events.

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