Bity was notified on 12th July 2018 by Bitcoin.com that if we do not offer Bitcoin Cash (BCH) for sale on our platform then we would be removed from their exchange listings page.
As a response to this request, we believe we owe an explanation to our users and the broader community about why we do not currently offer, and have no immediate plans to offer, BCH on our cryptocurrency brokerage platform.
We are a Swiss cryptocurrency services provider in addition to providing brokerage services. In Switzerland there is currently no economy that we are aware of which uses BCH. There are no cases of businesses being built around the direct use of BCH, unlike with Ethereum (ETH) or Bitcoin (BTC). There are also no salaries being paid in BCH, or companies being created to service the BCH community.
Bity, as a regulated financial intermediary, currently focuses on cryptocurrencies with an actual or potential strong economy behind them. We have not seen any real use cases in Switzerland or with our user base of BCH that shows potential to be integrated in the future financial system.
We acknowledge Bitcoin.com’s new exchange listing requirements and we accept that Bity.com will be removed from this list as we will not be offering BCH in the near future.
We would also like to share that we are crypto agnostic and we understand that things can change in the future. If we see a change in market behaviour towards BCH then we would reconsider offering it on our platform.
We hope our users can respect our decision. You can let us know your thoughts about this via our Reddit post.