We officially announced support for the upcoming hard fork of Bitcoin Cash on November 15, 2018. As the first step in supporting Bitcoin Cash hard fork, we are launching pre-fork trading for two coins that are to appear after Bitcoin Cash hard fork: Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV).
Why are we supporting pre-forked token trading?
The cryptocurrency industry is growing at a fast pace and we consider it important for traders to be exposed to new coins for trading, even before they are actually out in the market.
On those lines, trading in BCHABC and BCHSV is live in the BTC market now. Deposits and withdrawals will be activated soon after the hard fork.
We are supporting the trading community by allowing them to trade in the pre-forked tokens so they can support either of the new chains.
What will happen after the hard fork?
Of the two chains, the one that is widely adopted will prevail over the other. Generally in a hard fork, a new token is created while an existing token continues to be supported by the existing blockchain.
In case of Bitcoin Cash, the world’s fourth most popular cryptocurrency (in terms of volume), the upcoming hard fork will result in two tokens- BCHABC and BCHSV. The existing BCH will cease to exist. In the long run, one of these chains may prevail over the other, and we will continue to support both as long as it is economically and technically viable.
The role we play
We uphold the interests of our traders and therefore allow our traders to determine a consensus for the future of both the projects.
This creates an environment of growth for traders and a possibility of faster, secure and technically sound (stable chains) and tokens to survive in the cryptocurrency industry.
Pre-fork trading is live now.
You can easily split your BCH into BCHABC and BCHSV for trading, the reverse is also supported. Deposits and withdrawals to be activated after the successful completion of the fork.