If you are following our digital currency news section, you have probably read the news about the scheduled hard fork of the altcoin Bitcoin Cash (BCH) which is expected to happen soon. In the latest news, we have the crypto exchange Poloniex which will supposedly make the most of this hard fork – with an offer that will happen for the first time.
According to the announcement by the exchange, there will be trading for the pending Bitcoin Cash (BCH) hard fork – in the form of buying Bitcoin Cash ABC (BCHABS) and Bitcoin Cash SV (BCHSV) trading tokens.
For the first time ever, an exchange is offering trading pairs for a crypto asset prior to a possible fork. According to the company, the move is part of a wider strategy that will increase the company’s reputation and customer experience.
As the official blog post reads:
“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.”
Pre-fork trading has been made available forUSDC/BCHSV and USDC/BCHABC as well as bitcoin trading pairs. Also, customers will be able to convert their BCH into an equivalent amount of BCHABC and BCHSV and vice versa if they wish to withdraw – but they won’t be able to withdraw BCHABC and BCHSV ahead of the fork.
The fork is scheduled for November 15th.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post