This is the currency pair representing the exchange rate between Bitcoin Cash, a cryptocurrency, and The Euro. Bitcoin Cash was created in 2017 as a Bitcoin hard fork, and in late 2018 split into two cryptocurrencies: Bitcoin Cash SV and Bitcoin Cash ABC. The Euro was formed in 2002 following preparations of over 40 years and is the official currency for 19 EU countries, the formal institutions of the European Union, and a few additional European states.
Things to consider regarding the price of BCH to EUR:
The EUR is influenced by decisions of The European Central Bank and the European Commission. BCH often trades in contrast with the value of the original Bitcoin, meaning that a stronger Bitcoin Cash could mean a weaker Bitcoin and vice versa.
Traders who believe that the BCH price will rise in value against the EUR price should open a long (buy) position and those who believe the opposite should open a short (sell) position
Interested in trading this currency pair? Follow it for news and updates on the current BCH/EUR value.