Lots of Profits Seen, Bitcoin Cash (BCH) Rises 117%!

<p>&nbsp;"You all buy and save to BCH? Are you just looking at it?"</p><p><br /></p><p>Starting on June 21, 2023, Bitcoin Cash (BCH) unexpectedly surged over 117% to break through $230 after Wall Street-backed cryptocurrency exchange EDX Markets (EDXM) went live.</p><p><br /></p><p>Please note that EDXM, which is also supported by Citadel Securities, Fidelity Digital Assets, and Charles Schwab, aims to meet the needs of retail traders and institutional investors with compliance including high security standards.</p><p><br /></p><p>However, it should be noted that the price of BCH rose to over $230 from $111 after the crypto exchange listed four digital assets on its platform.</p><p><br /></p><p>BCH was the biggest gainer for the EDXM listing compared to other digital assets such as Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) as its trading volume surpassed 2023 highs.</p><p><br /></p><p><br /></p><p>Through observation, liquidations for trades involving digital assets that took place this week have affected short traders, where it is one of the inevitable things.</p><p><br /></p><p>It is widely known that EDXM's move to list BCH may mean that its digital asset is safe from aggressive action by the United States (US) Securities and Exchange Commission (SEC).</p><p><br /></p><p>Earlier this month, the SEC not only sued crypto exchanges Binance and Coinbase but also defined several digital assets such as Cardano (ADA), Solana (SOL) and Polygon (MATIC) as securities.</p><p><br /></p><p>However, the four digital assets listed by EDXM have been given regulatory protection, for example Canada imposes a net purchase limit on exchange users of $30,000 per year for most cryptos but excludes BTC, ETH, LTC and BCH.</p><p><br /></p><p>As of this writing, BCH price jumped by 4.94% at $231 in the last 24 hours and gained 107.79% over the last week.</p>