Bitcoin Cash $BCH$: The Catalysts

Several catalysts have contributed to the sudden surge in trading interest in BCH. One key factor is the recent network upgrade that took place in May. This upgrade improved the security and privacy of the Bitcoin Cash network while introducing plans for "CashTokens." These CashTokens enable developers to build decentralized applications directly on the Bitcoin Cash blockchain, opening up new possibilities for the network. Other improvements, such as smaller transaction sizes and the addition of smart contracts functionality, have further enhanced BCH's appeal.

Furthermore, the launch of EDX Markets, a new exchange backed by established financial heavyweights Fidelity Digital Assets, Charles Schwab, and Citadel Securities, has played a role in driving interest in BCH. EDX Markets, which opened trading last week, supports BCH along with bitcoin (BTC), ether (ETH), and litecoin (LTC). This institutional backing and increased accessibility have provided a boost to BCH's profile and trading volumes.