Coinplug opens a new trading platform with BCC support

Coinplug, the South Korean cryptocurrency service provider, has launched a new exchange platform. The list of currencies available for trade includes: Bitcoin, Bitcoin Cash, Ether and Litecoin. This makes it the first time Bitcoin Cash is available on Coinplug services. The trade platform is called Coinplug Digital Asset Exchange, or CPDAX. In the launch announcement, the management tells that even more cryptocurrencies would be added in the near future.

The company announced the support of Bitcoin Cash on 10th of August for the first time, although in that statement there were no details on when the trade will start and when the new cryptocurrency will appear on the clients’ accounts. The company told that Bitcoin Cash would be added proportionally to the amount of Bitcoin funds a user has, one coin to one coin.

Due to security reasons and in compliance with the state laws, the accounts on the CPDAX will not be created automatically, the users will have to do this themselves. After the account registration procedure complete, they will be able to transfer money from pre-existing accounts. The company tells no fees are going to be charged for operations from 1 to 27 September 2017 – this is clearly a measure to attract new users on the platform.

Coinplug is a major cryptocurrency market player founded in 2013 and it is known for its wide range of cryptocurrency services like Bitcoin ATMs, gift cards and wallets. It is influential enough to collaborate with KB Kookmin, one of the biggest South Korean banks, on blockchain solutions development.