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Finance

With few adopters, bitcoin's new clone begins rocky journey

Limited support and usefulness stunt Bitcoin Cash's success

Japanese cryptocurrency trader BtcBox displays a Bitcoin Cash section. It is among a minority of exchanges dealing in the new coin.

TOKYO -- Bitcoin Cash, the virtual currency newly born from a split in bitcoin's underlying blockchain software, faces high barriers to growth as few players appear willing to support it.

Tuesday's so-called fork worked akin to a one-for-one stock split: every bitcoin holder could get the same amount of Bitcoin Cash free, and the two currencies' combined market cap immediately after the split equaled that of bitcoin right before. The new coins started at roughly one-ninth the value of the original, with supply and demand deciding their respective values thereafter.

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