Bitstamp Not Deterred by Bitcoin Cash Haters

Bitstamp is readying to support three Bitcoin Cash trading pairs.

Bitstamp will begin supporting three Bitcoin Cash trading pairs during the first week of December, as it attempts to address the demands from traders seeking exchanges that have these listings.

However, the critics have started piling on about Bitstamp’s move largely because of their dislike of Bitcoin Cash.

More listings, hooray?

“In response to the demand we have been seeing for Bitcoin Cash trading (BCH) and as part of our efforts to list more currencies, we have decided to provide trading support for the following three pairs…”

On Bitstamp, Bitcoin Cash will join the almighty Bitcoin, as well as Ethereum, Ripple and Litecoin.

The critics

Bitstamp’s Bitcoin Cash announcement comes on the heels of a lot of criticism of the altcoin. Outspoken Bitcoin enthusiast Max Keiser has been extremely critical of Bitcoin Cash. He and others have taken issue it using the “bitcoin” name. Keiserhas spoken positively about Bitcoin, but he has held no punches about Bitcoin Cash. Despite the coin’s positive performance and popularity, Keiser isn’t swooning over it.

“Bitcoin cash is an alt-coin that has its fans just like many alt-coins. I don't think anyone who uses bitcoin's name and applies it to an alt-coin like bitcoin cash does is adhering to acceptable business practices. In other words, bitcoin's brand is being stolen by a competitor that calls itself bitcoin cash and this is outright fraud in my opinion, just like it's fraudulent to use Coca-Cola and Nike's name to sell soft drinks or shoes.”

Bitcoin user and frequent commenter Alphonse Pace last week took to Twitter to voice his criticism:

“Beware of the latest effort to try to scam Bitcoin users by attempting to label Bitcoin as Bitcoin Legacy. Bitcoin is Bitcoin. BCash is BCash. BCash cannot become Bitcoin, even if they try to relabel it Legacy.”

“Bitcoin is dead. It was split in two. There is bitcoin cash, and bitcoin core/legacy. Deal with it.”

No matter, the market is taking notice of Bitcoin Cash. It’s shown some noteworthy resilience as of late. As Bitcoin set new highs almost every day this weekend, Bitcoin Cash has also enjoyed a surge in price. At the time writing, it was around $1,700.