Bitcoin cash (BCH), one of only four coins that are available to trade on EDX Markets, which is backed by Fidelity Charles Schwab Citadel, continues to rise at a rapid pace.

Data from CoinDesk show that the cryptocurrency has risen over 30% in the last 24 hours, reaching a high of $320. This brings the total gain since EDX debuted on June 20, to 183%.

Upbit, South Korea’s largest digital asset exchange, has seen a significant increase in trading.

Coingecko tracked data that shows the bitcoin cash/Korean win (BCH/KRW), listed on Upbit, has registered a volume of $557.63 in the last 24 hours. This is nearly 3.5x the volume of Upbit’s BTC/KRW and 5.5x the BCH/USD of $87m on the Nasdaq listed Coinbase exchange.

Data shows that excitement generated by BCH offered by a exchange supported by prominent institutions, has spread to the far east.

Jamil Nazarali said that EDX Markets chose to offer BCH and BTC as trading options at the launch, because they are deemed safe in terms of compliance with the U.S. Securities and Exchange Commission. This was revealed on CoinDesk’s “First Mover” program on June 20, by Jamil Nazarali.

“Nazarali explained they were confident that litecoin, and bitcoin cash as derivatives from bitcoin, weren’t securities. Lawrence Lewitinn said that while there is interest, it’s not significant in the Wednesday edition of The Tie newsletter.

Lewitinn said, “The BCH rally is a combination between hope and greed, which are two ingredients that fuel market movements, regardless of fundamentals, in the cryptocurrency sector.”

Onchain data shows that traders and speculators are looking to profit from the bullish sentiment on the BCH markets.

According to analytics firm IntoTheBlock BCH balance of traders or wallets that have held coins for less than a week has risen by 33% over the past 30 days.

Parikshit Miishra is the editor.