Bitcoin Cash News Today – Headlines for October 18

  • Binance Proposes the Listing of BCH-1FD
  • Binance Aims to Increase Interoperability between Different Assets
  • Bitcoin Cash (BCH) Would Soon Resonate with the Functionality of a Stablecoin – Roger Ver

Bitcoin Cash News Today – The Bitcoin Cash (BCH) community just received a piece of bullish news that left them very excited. The BCH community is happy because of the recent announcement made by the largest digital currency trading platform in the world by market volume – Binance. Binance is one of the most popular digital currency trading platforms in the world. Any positive announcement from the firm about a digital currency usually gets the community of that crypto project very excited.

Binance Proposes the Listing of BCH-1FD

Recently, the Chief Executive Officer of Binance – Changpeng Zhao – proposed the listing of BCH-1FD. BCH-1FD is a token that would be pegged with Bitcoin Cash. The CEO disclosed this proposal in a recent Binance community post. The firm decided to come forward with the proposal to add support for Bitcoin Cash (BCH) trading on top of the Binance Chain.

Bitcoin Cash (BCH) Price Today – BCH / USD

NamePrice
bitcoin
Bitcoin
$7,180.76-5.86%
bitcoin-cash
Bitcoin Cash
$205.20-8.46%

Bitcoin Cash (BCH) is only the third digital currency to be chosen for the trading platform after they issued a BTC-backed token back in June this year. Binance later announced an XRP-tracking token on the 11th of October.

Binance Aims to Increase Interoperability between Different Assets

According to Binance, its current listing aims to increase interoperability between different digital currencies. It would also enhance the overall utility aspect of Binance DEX, the firm added. The trading platform would initially issue Bitcoin Cash (BCH) tokens worth $2 million, and they would continue issuing more tokens depending on the demands in the market.

The issued BEP2 Bitcoin Cash would be pegged 1:1 with native BCH tokens. They would place it in a disclosed reserved address, which can be monitored and accessed by anyone in the community anywhere and anytime.

The CEO of Binance is pretty much happy with the development. He welcomed the announcement and said:

“The Bitcoin Cash (BCH) community is one of the strongest crypto communities, and we are excited to collaborate with them on migrating BCH token onto Binance Chain. The BEP2 BCH token would be pegged to the native Bitcoin Cash (BCH). Bitcoin Cash (BCH) holder can enjoy the seamless token swap experience on Binance.com and non-custodian trading on Binance DEX after the listing proposal is approved by the Binance Chain community.”

Bitcoin Cash (BCH) Would Soon Resonate with the Functionality of a Stablecoin

Recently, Roger Ver – BCH proponent – said that Bitcoin Cash (BCH) would soon resonate with the functionality of a stablecoin too. He added that with Bitcoin Cash, users can pay the interest that is acquired in the fiat century in the bank, directly on-chain to all the stablecoin holders in the network through a new tool introduced on the Bitcoin Cash network.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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