Decoding Bitcoin Cash’s 240% Growth in June 2023

Bitcoin Cash's 240% growth can be attributed to its listing at EDX Markets and Blackrock's ETF.

In June 2023, Bitcoin Cash grew from $95.78 to $228.25 marking one of the highest growth rates this month. The 240% growth can be attributed to its listing at EDX Markets, an exchange backed by financial giants such as Fidelity, Schwab and Citadel Securities.

Another possible reason is the announcement of Blackrock’s ETF which resulted in a rally in broad crypto markets.

BCH Price Trend in June 2023

Bitcoin Cash Price Trend for June 2023
Bitcoin Cash Price Trend for June 2023

The opening price for the month was around $112 from where the cryptocurrency took a dive till it reached its month low of $95.

The upward journey started last week on June 20 from where it reached $228.25, today on 27 June.

The cause behind this high growth seems its listing on EDX Markets which only has four cryptocurrencies listed on it among which Bitcoin Cash is one.

EDX Markets

EDX Markets Homepage
EDX Markets

EDX Markets is a cryptocurrency trading platform that helps institutional investors increase their exposure to cryptocurrencies. Its website is

It has been created by traditional finance heavyweights. The creators of EDX Markets are:

  • Charles Schwab
  • Fidelity
  • Citadel Securities

The platform helps institutional investors access cryptocurrencies for investment. Currently it has only four listed cryptocurrencies:

  • Bitcoin
  • Bitcoin Cash
  • Litecoin
  • Ethereum

About Bitcoin Cash

Bitcoin Cash Logo
Bitcoin Cash Logo

Bitcoin Cash was created in 2017 as a result of a hard-fork in Bitcoin’s code. The aim behind creating Bitcoin cash was to combat the high fees in Bitcoin transactions. Bitcoin Cash has a block size of 32 MB as opposed to 1MB of block size of Bitcoin.

Dhirendra Chandra Das
Dhirendra Chandra Das

Dhirendra is a professional with dual degree MBA specializations in Finance and Marketing. He has a keen interest in finance and crypto. Starting his investment journey in Finance since 2015, Dhirendra has more than 8 years experience in Traditional Finance and 3 years experience in Decentralized Finance.

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