BCH that actually does something
Swap Bitcoin Cash to BTC, ETH, or stablecoins without a bridge, without a wrapper, and without a custodian. Borrow stables against your BCH and provide concentrated liquidity — native BCH DeFi, finally.
Why this matters to BCH holders
- BCH was built to be spent, not bridged. THORChain swaps BCH natively — your BCH leaves your wallet, the counter-asset arrives in your wallet, with no WBCH in between.
- No permissioned custodian. You sign from your own wallet; THORChain and Rujira never hold your keys.
- Lower fees than routing through a CEX, especially on amounts over a few hundred dollars.
- Loans and concentrated LP for native BCH — first time. Until Rujira shipped, BCH had no on-chain money market and no concentrated-liquidity AMM. Now it has both.
Concrete jobs you can do with BCH today
Swap BCH to BTC without Coinbase
Native BCH in, native BTC out. No wrapped tokens, no account.
Swap BCH to BTC Read the guideBCH to stablecoins
Lock in the move without a CEX withdrawal queue.
Swap BCH to USDC Read the guideSwap from BCH without a custodian
Wallet setup, the OP_RETURN memo, and the full end-to-end flow — your keys at both ends of the swap.
Read the self-custody guideBorrow USDC against BCH — no selling
Keep your BCH upside, unlock stablecoin liquidity. New for BCH: on-chain loans backed by the native asset.
Borrow against BCH on Rujira Read the guideProvide concentrated liquidity with BCH
Pick your price range, earn swap fees. Concentrated LP on native BCH — new to the chain.
LP BCH on Rujira AMM Read the guideThree primitives that didn't exist for BCH before
Native swaps
THORChain routes BCH to any connected asset on-chain. Built on THORChain L1 pools.
BCH-collateralized loans
Borrow stables against native BCH via Rujira Money Market . The product category didn't exist for BCH until Rujira shipped.
Concentrated LP
Provide liquidity with price ranges via Rujira AMM — EVM-style capital efficiency, applied to native BCH.
Questions BCH holders ask
Can I swap BCH to BTC without a centralized exchange?
Yes. THORChain routes native BCH to native BTC on-chain through its liquidity pools. You sign from your own BCH wallet, and the BTC lands at the destination address you specify — no account, no KYC, no custodian.
Can I borrow stables against my BCH?
Yes — Rujira Money Market accepts native BCH as collateral and lets you borrow stablecoins against it. This is new for BCH: until Rujira shipped, the only way to take a loan against BCH was to send it to a centralized exchange or lending desk.
Can I provide liquidity with BCH and earn fees?
Yes. Rujira AMM supports concentrated liquidity on native BCH, so you can LP with a user-chosen price range and earn swap fees. Concentrated liquidity has historically been an EVM-only product; Rujira makes it available to BCH holders for the first time.
Is my BCH wrapped or bridged at any point?
No. THORChain and Rujira are native-settlement protocols. Your BCH stays on the Bitcoin Cash chain until the swap clears; the counter-asset comes out on its own chain. There is no WBCH, no IOU, and no bridge in the path.
What wallets work for BCH on THORChain?
Any BCH wallet that can sign a standard send transaction. Electron Cash and BCH-compatible hardware wallets are common choices — THORChain does not require a proprietary wallet.