Dubai-based digital asset wallet and exchange BitOasis, has announced the launch of Bitcoin Cash (BCH) trading on its trading exchange.
Users can now buy, sell and trade BCH starting today. Until April 30, they will also be able to do so with 0 percent fees.
Furthermore, customers can place orders, sell limits and market orders, as well as fund their accounts with AED through wire deposits and credit card payments.
In January, BitOasis, which is headed by founder and CEO Ola Doudin, offered users the opportunity to purchase Ripple (XRP) tokens on its platform, in line with increased interest in cryptocurrencies in the UAE over the past year.
However, the digital currencies have also witnessed criticism, with a number of prominent CEOs claiming the payment methods are trending, but do not make a good investment in the long run.
One of them include Yogesh Mehta, the CEO of Petrochem ME, one of the largest independent petrochemical distributors in the world, who said he would not spend $1 into Bitcoin or any other cryptocurrencies.
“I am not the gambling kind. I’m a conservative person with regards to investing money for quicker returns. I don’t believe in quick returns,” he said.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.