After the Fork: Here’s How Exchanges Are Dealing With Bitcoin Cash

After the Fork: Here’s How Exchanges Are Dealing With Bitcoin Cash
The smoke is still clearing from Bitcoin Cash’s hard fork, but exchanges have already moved in to add support for the products of the skirmish.On November 16, 2018, what was intended to be a routine hard fork upgrade of the Bitcoin Cash blockchain became a struggle for hashing power and chain dominance as Bitcoin Satoshi’s Vision (SV), led by Craig S. Wright, attempted to wrestle control over the Bitcoin Cash blockchain from its original client, Bitcoin ABC.Bitcoin ABC (thus far) has strong-armed Bitcoin SV with its mining power and held onto its position as the dominant chain, but yesterday's showdown still culminated in a coin split that left the network with two rival coins, which, for the purpose of this article, we’ll refer to as BCHABC and BCHSV.And this split has left a mess of potential markets for exchanges to manage. In the aftermath, they’re stuck with either choosing to support both coins, default to the ABC chain as the real BCH or sit tight until they feel comfortable making a decision either way. Not every exchange is on the same page for what each coin’s ticker should be either, and some seem content to ignore the forks’ janus-faced by-products and carry on with their usual bitcoin cash trading.Varying Levels of SupportA handful of exchanges have announced that they will be supporting both coins for the time being.Some, like Poloniex, HitBTC and Bittrex got ahead of the game by offering ... For Further Information Click on Below Button
Show More

Comments