The price of Bitcoin Cash (BCH), a cryptocurrency backed by Fidelity Schwab, Citadel and Fidelity Schwab, has risen by 36.5% over the last three days after EDX (the exchange backed and backed by Fidelity Schwab, Citadel and Citadel ) listed the token along with bitcoin (BTC), ether(ETH) and litecoin(LTC).

CoinDesk’s data shows that in the last 24 hours, it increased more than 10% and reached $143, its highest since February.

Coinalyze’s data shows that open interest, which is a measure used to determine the value of trades in a particular asset, rose by 77%, reaching a high of $135 million for the first time in nine months.

The increase in open interest indicates a positive shift in sentiment, with the hope that this asset will be adopted by institutions after it is listed on EDX.

Bitcoin Cash Open Interest (Coinalyze).

Bitcoin Cash, a fork of the Bitcoin blockchain, was released in July 2017. The record high was $2,947 at the height of the bull market in 2017. Although early optimism was high, Bitcoin Cash’s adoption as a payment network paled in comparison to its sibling.

The total number of Bitcoin Cash transactions worth over $100,000 in the last seven days is $129,000,000. data shows that Bitcoin has enabled $75 billion worth of transactions in the same time period.

Parikshit Miishra is the editor.