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Bitcoin SV Gets Listed On Bittrex Exchange

Bittrex has listed USDT-BSV and ETH-BSV markets on its exchange platform. Users would hope it fulfills the plans it outlined in its roadmap.

The official twitter handle of Bittrex says that the exchange would be adding the trading pairs of USDT-BSV and ETH-BSV.

“New Market Update: The USDT-BSV and ETH-BSV markets are now open for trading on @BittrexExchange.” the account says.

Bitcoin SV Entrance to the Coin Market

Bitcoin SV is a full-node implementation for Bitcoin Cash (BCH). Its agenda is to continue the original vision of Bitcoin set out by Satoshi Nakamoto’s white paper in 2008. The SV in the name stands for “Satoshi’s Vision.”

In the midst of the chaos that ensued after the split in Bitcoin Cash – exchange of words between Bitcoin ABC and nChain team, hash war, falling market prices and so on – the new cryptocurrency is beginning to enter the mainstream trading market.

Bitcoin SV Listed On Bittrex Exchange

However, the fortunes of the coin have been affected by the general downturn in the market as many investors are selling their assets. The coin, which entered the CoinMarketCap cryptocurrency ratings on Monday at the eighth position has lost almost 16 percent of its value in the last 24 hours.

Bitcoin SV, the brainchild of Craig Wright, is backed by CoinGeek mining pool boss Calvin Ayre. The price surged by about 48 percent in a week. BSV, which is the new price ticker, added as much as $2.21 billion to its market cap before correcting lower to $1.81 billion on Monday.

Optimism About Bitcoin SV

Coingeek on Monday released a highly optimistic roadmap, explaining that their technology is the most superior blockchain. Their ideas include a proposal to increase BSV block size from 64 MB to 512 MB in the next six months, and later to 2 GB. If BSV can hit the value of $640 soon, miners would be able to generate an income of $8,000 per block. The coin currently sells below $100, according to CoinMarketCap.

“I believe that starting in 2019, there is going to be an explosion of development on top of the BSV blockchain taking advantage of a stable platform and massively-scaled low-cost, secure microtransactions,” Calvin Ayre said on Monday.

It is yet not out how the market will react to the coins listing on a major exchange like Bittrex.

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Bitcoin SV Gets Listed On Bittrex
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Bitcoin SV Gets Listed On Bittrex
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Bittrex has listed USDT-BSV and ETH-BSV markets on its exchange platform. Users would hope it fulfills the plans it outlined in its roadmap.
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Akeredolu Feranmi

Feranmi is a guest author at Coinpedia.

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