BCH Hard Fork Update: Other Exchanges Support It
Since Bitcoin Cash (BCH) announced its hard fork scheduled on November 15th, the cryptocurrency industry has been talking about it. First, only Binance gave its support to the hard fork. Now, other crypto exchanges announce their plan to approve the process.
On Monday, we wrote a story about Bitcoin Cash hard fork. Today, we have more news on that topic.
Other exchanges will support the fork
As you may know, Bitcoin Cash upgrades its core code every six months. They use hard fork to do it. Usually, nothing important changes. However, this time it will be different. Due to a disagreement over some changes, the two distinct parties of the cryptocurrency want to depart. One of them wants to create Bitcoin ABC, the other wants to make Bitcoin SV. The outcome isn’t clear. There are a few scenarios possible, which we pointed out in our Monday article.
Binance, the world’s largest cryptocurrency exchange, was the first to announce its approval to the hard fork.
Now, other platforms have in plans to support the BCH split.
So far, six of the top 10 crypto exchanges by Bitcoin Cash trading volume have acknowledged the hard fork:
- Coinbase Pro
Ledger, a digital wallet, has also confirmed its approval.
Poloniex announces pre-fork trading
Poloniex, another exchange, has gone one step further. On Tuesday, the platform revealed that it will offer trading of the BCH just before the hard fork.
1/ NEWS: Ahead of the Bitcoin Cash (BCH) hard fork, we are opening pre-fork trading of the two planned protocol upgrades, Bitcoin Cash ABC and Bitcoin Cash SV. Learn more here: https://t.co/KitP8N4tCf pic.twitter.com/RcDBke6DLP
— Poloniex Exchange (@Poloniex) 8 listopada 2018
The exchange will offer its customers an opportunity to buy Bitcoin ABC and Bitcoin SV trading tokens. The company explained its decision via blog post:
“We’re doing this to empower customers to demonstrate their support for one coin over the other through trading activity. Poloniex will also support trading markets for both tokens after the hard fork.”
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