Bitcoin.com Commutation, a Bitcoin (BTC)-skeptical trading platform associated with the eponymous website, has sparked fresh controversy later supporting an altcoin widely considered to be a scam.

In an article and Twitter post on Dec. 15, officials confirmed that trading of HEX had gone live two days previously.

Wild volatility greets HEX traders

The move makes Bitcoin.com one of the few recognized trading platforms to forge ties with HEX, which together with founder Richard Eye continues to field widespread accusations of fraud.

Explaining the decision, Bitcoin.com claimed it wished to offer security to those looking to merchandise the coin, which launched earlier this calendar month.

"We are thrilled to denote that nosotros take just listed #HEX by @RichardHeartWin on our exchange, giving anyone who wants to trade it a secure venue to do so. Bank check it out!" its Twitter announcement reads.

While little overall trading data is available, Bitcoin.com'south HEX markets have traded the equivalent of 0.81 BTC ($v,700) in the past 24 hours. In that catamenia, the platform's ii HEX trading pairs, HEX/BCH and HEX/ETH, take dropped in price by 64% and 57% respectively.

HEX/BCH trading volumes on Bitcoin.com Exchange since launch

HEX/BCH trading volumes on Bitcoin.com Commutation since launch. Source: Bitcoin.com Exchange

Warnings over HEX founder'southward "perpetual self-enrichment"

As Cointelegraph reported, HEX purports to enrich investors past giving away costless tokens in return for confirming BTC holdings.

Others purchased tokens using Ether (ETH), with Eye apace reacting to suspicions that the entire project was existence run in a fashion that mirrors a pyramid scheme.

Critics point out that Heart, as the declared owner of HEX's so-called "origin address," will potentially control around 45% of the entire HEX supply just one year after the launch. This will exist accomplished past claiming a constant stream of HEX tokens from various types of transactions, while Centre will likewise go on the ETH from purchases.

"Not only will Richard command close to half of all HEX later the first year, but it is the starting time token I have seen to take its founder's perpetual self-enrichment broiled into the protocol," a blog post on HEX by the private researcher known equally Goldman Sats summarized on Dec. 7.

Goldman Sats added that Center seeks to downplay the existence of the origin address, despite its likely status as a giant centralized repository capable of crashing the unabridged HEX market with a single sell-off.

Controversy continues for Bitcoin.com

Bitcoin.com Exchange, the trading arm of cryptocurrency news outlet Bitcoin.com, already holds a controversial reputation among community participants over its sidelining of Bitcoin, which it calls "Bitcoin Core," while championing altcoin Bitcoin Greenbacks (BCH).

The company'due south possessor, Roger Ver, has sought to present BCH every bit the "existent" Bitcoin, arguing the altcoin has better features every bit a currency.

Rebuttals which have surfaced since BCH's debut in 2022 include the fact that BCH network participation is overly centralized, and that users would rather hold BTC but spend BCH equally before long as possible.

Following the HEX declaration, Twitter users led recriminations against Bitcoin.com, with large numbers of comments voicing disbelief at the decision to launch trading.

"Why would you do this?" the owner of popular cryptocurrency podcast, Colin Talks Crypto, responded.