The vast majority of bitcoin exchanges in the Chinese and South Korean bitcoin exchange markets are currently in support for Bitcoin Cash (BCH) the newly hard forked cryptocurrency from the original bitcoin blockchain by Chinese mining pool operator ViaBTC.
Support towards BCH in the two regions is likely influenced by the origin of BCH. Prior to being rebranded as Bitcoin Cash, the industry’s largest bitcoin mining equipment manufacturer Bitmain developed the initial proposal as Bitcoin ABC. As Bitmain shifted away from the Bitcoin ABC and the mining community unanimously agreed to the activation of the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated WItness (SegWit), ViaBTC continued the development of Bitcoin ABC as BCH.
http://news.8btc.com/despite-active-support-from-chinese-korean-exchanges-bitcoin-cash-decline-in-value
