CoinEx announced on its blog post,
For a long time, Bitcoin Cash (BCH) community has been trying to explore ways to implement the smart contracts on Bitcoin Cash Blockchain without changing the consensus rules. Lately, Wormhole (WHC) has made it possible to implement the smart contracts on BCH through the OP_RETURN opcode based on the Omni Layer protocol.
To provide more investment options for our users, CoinEx will be the first in the world that supports deposit & trading of Wormhole.
What is Wormhole?
Similar to Omni Layer Protocol, Wormhole is a smart contract implementation based on Bitcoin Cash. This means that using Wormhole, people can create custom contracts and new currencies pegged to Bitcoin Cash.
Fact: Tether (USDT) is based on Bitcoin using the Omni Layer Protocol.
Wormhole is a new project and CoinEx becomes the first exchange in the world to list Wormhole. Deposits and Trading began from 1st August 2018. Withdrawals won’t be activated yet but rather activated based on market and coin performance later in the future. (The exact date is not given). The trading pair for Wormhole will be WHC/BCH.
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