Binance will support BitcoinCash (BCH) Hard Fork — snapshot Nov 15, 2018 — What you need to know
Binance, the world’s largest exchange of crypto exchange, announced on November 2, 2018 that it will support Bitcoin Cash’s hard fork. The BCH hard fork will result in 2 independent blockchains. And in the creation of a possible new currency the Bitcoin SV. It remains to be seen whether the project, which is led by Craig Wright, and other major investors will attract community support.
The snapshot of Bitcoin Cash (BCH) balances is planned for 2018/11/15 4:40:00 PM (UTC). Users who maintain a BCH balance in the Binance account will have their balances captured by the snapshot. According to their balances, they will receive the same amount of Bitcoin SV coins. Binance warns that “deposits and withdrawals from Bitcoin Cash will be suspended at 3:00 PM (UTC) on November 15, 2018). Please allow enough time for deposits and withdrawals to be processed before that time. “
Market Sentiment: “Hard Forks”
Usually a hard fork means a greater interest of investors. They seek to acquire coins without having to make a financial investment. “Hard Fork” often results in free coins. So we see bullish behavior before hard forks.
Since Binance and Coinbase announced support for BCH’s Hard Fork, the currency saw an increase of nearly 30 percent. A significant percentage in a “Bear Run”. We do not know exactly whether this bullish trend will remain. Hard Fork also causes a weakening of the community and may have inverse consequences.
If you already have BCH coins and would like to receive the Hard Fork coins. Sign up for Binance and complete your transfer in advance.
Other Exchanges that will support the BCH fork
List of Coindesk
OKEx — support confirmed
BitForex — support confirmed
Binance — support confirmed
Digifinex — no statement
Huobi — support confirmed
Bitfinex — no statement
Upbit — support confirmed
HitBTC — no statement
Coinbase — support confirmed
Bitbank — not confirmed
Coinsuper — support confirmed
GDAC — no statement
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