Despite Controversy, Bitfinex Refers to Bitcoin Cash as BCash

Bitfinex, the world’s largest cryptocurrency exchange with a $2.8 billion daily trading volume, has referred to Bitcoin Cash as BCash in a controversial letter to one of its clients, despite the community’s insistence on referring to the cryptocurrency as Bitcoin Cash.

Distinguishing Terminologies

Bitmain founder Jihan Wu, early-stage bitcoin investor Roger, along with many others in the Bitcoin Cash community have iterated the critical distinction since the currency#s inception on August 1.

The clarification is because the reason for the hard fork was to “continue” of Satoshi Nakamoto’s original roadmap for bitcoin development. Ultimately, they are asserting a bifurcation from bitcoin’s current philosophy.

Until this month, cryptocurrency exchanges and investors have continuously described Bitcoin Cash as Bitcoin Cash. However, this month, a couple of major exchanges such as Bitfinex have referred to Bitcoin Cash as BCash on several occasions, creating confusion amongst the community and the market. For instance, New Zealand exchange Cryptopia changed the name of bitcoin cash to bcash on their platform.

Reading Between the Lines

message to a user sent by Bitfinex regarding a withdrawal for a particular payment read, “Bcash: processed within 1 minute after approval, subject to ‘hot wallet’ available balance. Processed within 12 hours maximum.” […]

Source: Despite Controversy, Bitfinex Refers to Bitcoin Cash as BCash