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Bitcoin Cash BCH on Coinbase and BCC in Binance

This article discusses the reasons behind the naming discrepancy of Bitcoin Cash on Coinbase and Binance, two popular cryptocurrency exchanges.
2024-07-27 03:52:00share
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bch

If you're a cryptocurrency enthusiast, you may have noticed a discrepancy in the naming of Bitcoin Cash on different exchanges. On Coinbase, it is referred to as BCH, while on Binance, it goes by the ticker symbol BCC. This can be confusing for beginners and even seasoned traders. So, why is Bitcoin Cash BCH on Coinbase and BCC in Binance?

To understand this naming difference, we need to look at the history of Bitcoin Cash and the reason behind its creation. Bitcoin Cash was created in August 2017 as a result of a hard fork in the Bitcoin blockchain. The fork was a response to scalability issues in the original Bitcoin network, aiming to increase the block size to allow for more transactions to be processed.

The naming confusion between BCH and BCC stems from the early days of Bitcoin Cash. When the cryptocurrency was first launched, different exchanges and wallets used different ticker symbols to represent it. Some exchanges, like Coinbase, adopted BCH as the ticker symbol for Bitcoin Cash, while others, like Binance, went with BCC.

Coinbase, one of the largest and most popular cryptocurrency exchanges in the world, chose BCH as the ticker symbol for Bitcoin Cash due to its close association with Bitcoin. By using a similar ticker symbol to Bitcoin (BTC), Coinbase aimed to make it easier for users to identify and trade Bitcoin Cash on its platform.

On the other hand, Binance, another leading cryptocurrency exchange, decided to use BCC as the ticker symbol for Bitcoin Cash. The reasoning behind this choice is not entirely clear, but it could be due to BCC already being associated with BitConnect, a separate cryptocurrency that was facing controversies at the time.

Despite the different ticker symbols used by Coinbase and Binance, Bitcoin Cash remains the same cryptocurrency with the same underlying technology and principles. Whether you refer to it as BCH or BCC, it represents an alternative version of Bitcoin with a larger block size and faster transaction speeds.

In conclusion, the discrepancy in the naming of Bitcoin Cash on Coinbase and Binance can be attributed to historical reasons and individual exchange preferences. While it may cause confusion for some users, it is essential to understand that Bitcoin Cash is the same cryptocurrency regardless of the ticker symbol used. As the crypto industry continues to evolve, we may see more standardization in ticker symbols to avoid such discrepancies in the future.

Bitcoin Cash
BCH
Bitcoin Cash price now
$443.12
(-2.44%)24h
The live price of Bitcoin Cash today is $443.12 USD with a 24-hour trading volume of $403.75M USD. We update our BCH to USD price in real-time. BCH is -2.44% in the last 24 hours.

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