News

Wormhole protocol to now get listed on CoinEx

Wormhole protocol, the smart contract platform based on Bitcoin Cash, got listed on one of the largest exchanges in China, CoinEx.

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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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He joined the cryptocurrency space in 2017. He is the founder of Blockmanity. He is a HODLER and is holding BTC, ETH & UGT.

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Ishan Garg

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