Loading article…
Coinbase Derivatives plans Bitcoin Cash futures trading, while Mt. Gox begins BCH repayments. BCH traded at $240 at its 2017 launch.
Coinbase Derivatives announced plans on April 1, 2024, to introduce futures trading for Bitcoin Cash (BCH), following a proposal submitted to the Commodities Futures Trading Commission (CFTC) on March 7, 2024, for monthly cash-settled futures contracts [64, 65, 66, 67]. This development coincides with Mt. Gox beginning repayments of bitcoin and Bitcoin Cash to some creditors on July 5, 2024 [68].
| At a glance | |
|---|---|
| Launch Price | ~$240 (August 1, 2017) [21] |
| All-time High | $4,355.62 (December 20, 2017) [29] |
| 2018 Low | $519.12 (August 23, 2018) [29] |
| Regulatory Status | Commodity, not security (US regulators) [42] |
Bitcoin Cash, a cryptocurrency that forked from Bitcoin in 2017, was created by a group of activists, developers, and China-based miners who opposed Bitcoin's Segregated Witness (SegWit) upgrade [1, 14, 15, 16, 17]. The fork occurred on August 1, 2017, at block 478,559, with Bitcoin Cash supporting larger block sizes to process more transactions per second compared to Bitcoin [19, 23]. At its launch, BCH traded at approximately $240, while Bitcoin was around $2,700 [21]. BCH reached an intraday high of $4,355.62 on December 20, 2017, but declined by 88% to $519.12 by August 23, 2018 [29].
US regulators have classified Bitcoin Cash as a commodity, not a security under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) [42]. Gary Gensler, former SEC chairperson, stated in 2018 that BCH does not "appear to trigger the Howey Test" [46]. This regulatory clarity may contribute to its inclusion in regulated financial products. In 2021, Grayscale filed for its Bitcoin Cash Trust (BCHG) to become SEC-reporting, and BCH is part of Grayscale's Digital Large Cap (GDLC) fund [62].
Bitcoin Cash has seen increasing adoption across various platforms and payment services. In 2022, Colorado began accepting BCH for state taxes and fee payments [43]. New York's legislature has also introduced a bill to allow state agencies to accept cryptocurrencies, including BCH, for payments [44, 45]. As of 2024, over 40 major businesses in Antigua and Barbuda accept Bitcoin Cash [41].
Major financial platforms have also integrated BCH. PayPal enabled users to buy, sell, hold, and checkout with BCH as of 2021, and by 2022, allowed transfers off-app to external wallets [58, 59]. Venmo also supports BCH, enabling off-platform transfers in 2023 [59, 60]. Robinhood and Revolut have added support for Bitcoin Cash [56, 57]. In June 2023, EDX Markets listed Bitcoin Cash alongside Bitcoin, Ethereum, and Litecoin [63]. More recently, eToro, following a settlement with the SEC on September 10, 2024, will continue to trade only Bitcoin, Ethereum, and Bitcoin Cash on its platform [42].
The planned introduction of regulated futures contracts and ongoing repayments from Mt. Gox represent significant steps for Bitcoin Cash, potentially increasing its market integration and liquidity within the broader digital asset ecosystem.
Coverage is mostly measured — 6 of 6 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 4, 2026 · How we report
Bitcoin Cash forked from Bitcoin on 1 August 2017 at block 478,559.
The larger block size was intended to allow more transactions per second and support its use as a medium of exchange.
Payment services such as PayPal, Venmo, BitPay, Robinhood, Revolut, and Coinbase support Bitcoin Cash.
U.S. regulators have indicated that Bitcoin Cash should be supervised as a commodity rather than a security.
Yes; it traded around $240 at launch, peaked at $4,355.62 in December 2017, and fell to about $519 by August 2018.