BitCore announced on February 6th that direct trading is now active for crypto/fiat currency on their Turkish Vebitcoin exchange. BTX can be traded directly into TRY (Turkish Lire) on the exchange, and forms one of 20 leading cryptocurrencies to be listed on Vebitcoin.

Bitcore came about as a hybrid fork off the Bitcoin blockchain in 2017, when the scaling discussions were raging and no-one could agree what to do about block capacity and congestion. Rather than forking the Bitcoinblockchain at a specific block, which involves copying the entire blockchain (as they did with Bitcoin Cash), Bitcore made an entirely new coin using an empty blockchain.

The developers took a snapshot of the original Bitcoin blockchain on November 2nd, 2017, and created some five million transactions which filled all its available public key addresses. All BTC keys that originally had funds of 0.01 BTC or more on the Bitcoin blockchain were used to fill these addresses, at a funding ratio of 0.5 BTX : 1.0 BTC. Bitcore has an improved block size of 10MB and a faster block time of 2.5 minutes.

The cryptocurrency market responded well to the Bitcore announcement, with a positive 27.25% increase in value to US$23.33 per token. BTX is currently ranked 75 in global market cap listings, at $260,425,927.