Cryptocurrency exchange “EDX Markets (EDXM)”, backed by market leaders such as Citadel Securities, Fidelity Investments, Charles Schwab and Paradigm, has delisted Bitcoin Cash.
EDXM, which ended Bitcoin Cash support, deleted BCH from its home page.
With the exchange ending BCH support, only Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) remained among the cryptocurrencies supported by the exchange.
EDXM CSO Jeanine Hightower-Sellitto confirmed its delist status in a statement to Digital Asset, explaining that EDXM no longer offers support for Bitcoin Cash.
When asked about the reasons and timing behind the BCH decision, EDXM CSO refrained from giving a detailed answer, pointing to regulations regarding cryptocurrency offerings on the exchange's page.
As you may recall, when EDXM was launched in August, it was stated that the platform chose to list only a few cryptocurrencies due to regulatory issues.
At this point, EDXM stated that it would include cryptocurrencies that are not considered securities by the SEC, and announced that it would only offer Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) trading services in this context.
While EDXM's delisting of BCH has caused the cryptocurrency community to speculate about the reasons behind the delisting decision at this point, the community is also waiting for more details and explanations from EDXM about why Bitcoin Cash was delisted.
While Delist news usually brings a decline in the price of the relevant altcoin, this was not the case for Bitcoin Cash. Because, despite the delist news, BCH has increased by 1.3% in the last 24 hours and continues to be traded at $ 243 at the time of writing.
*This is not investment advice.