Bitcoin Cash is gradually trying to maintain its position above $1,000 at the time of writing, it is valued at 1,068.87. Along with Litecoin and Dash, it is the only cryptocurrency in green in the top 10 list. One certain event can be linked to its increasing price: the Gemini exchange.
Tyler and Cameron Winklevoss talked about expanding their exchange to other cryptocurrencies including Litecoin and Bitcoin Cash at the Cboe Risk Management Conference (RMC). Both the Gemini exchange and the Chicage Board Options Exchange (Cboe), have a partnership such that Cboe will only list currencies present on the twins platform, as per their deal which allows Cboe to use Geminis cryptocurrency data to calculate futures. So, only one of these companies have to decide whether they want to allow new cryptocurrencies, forcing the other to accept the decision.
Seen at:
https://www.ccn.com/bitcoin-cash-5-day-contrast-market-retreat/