Six of the top 10 crypto top Exchange bitcoin cash trading volumes (BCH) have announced plans to support the upcoming cryptocurrency hard on November 15.
The Bitcoin Cash roadmap includes upgrades to its core code every six months, but disagreement over some changes to the network has increased the specter that two different branches of the cryptocurrency can form, given that two implementations - Bitcoin ABC and Bitcoin SV - are being put forward with competing teams . Although the results are not clear, one scenario will see two separate cryptocurrency appearing from Hard Fork.
Because the user will automatically receive the number of new coins equal to the amount stored in the BCH, it is important that their exchange be prepared for the event and will later allocate the new token.
A number of exchanges have now clarified their position in the event of a split, with OKEx, Binance, Bitforex and Huobi all stating that they will "support hard fork." Poloniex, a rank 51 exchange for BCH, stated more explicitly that "it is ready to support the trading market for both tokens."
Coinbase is more reserved, saying it will support the current roadmap, but adds:
In preparation for the event, most exchanges have said they will suspend bitcoin cash withdrawals and deposits immediately before HF to ensure customer funds are not at risk due to instability of the post-HF network (s). Users must be careful not to deposit BCH during this period in such cases.
And it's not just an exchange that has to make a decision on the potential for the creation of new coins. The French-based hardware wallet maker Ledger said that, if the HF results were blocked by a separate bitcoin cash, "finally, one of these will be the dominant chain, which we will evaluate to support it again."
It should be noted that Bitmex recently launched an HF monitor for bitcoin and bitcoin cash. BCH hard fork will begin on November 15 around 17:00 UTC.