Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Poloniex => Topic started by: densuj on October 07, 2018, 02:54:42 AM
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Poloniex Cryptocurrency Exchange To Delist Three Altcoins, Remove Margin and Lending Products for U.S. Traders
As part of its effort to improve and professionalize its platform, Poloniex, the 46th largest digital assets trading platform in the world, has announced it would stop offering margin trading and lending services to cryptocurrency traders in the United States.
https://btcmanager.com/poloniex-cryptocurrency-exchange-to-delist-three-altcoins-remove-margin-and-lending-products-for-u-s-traders/
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Pre-fork trading is available immediately for the following pairs: BCHSV / USDC, BCHABC / USDC, BCHSV / BTC, and BCHABC / BTC. We also open the BCH / USDC market. Customers can convert Bitcoin Cash to BCHABC and BCHSV in equal amounts, and also convert SV and ABC back to BCH if they want to withdraw funds. Customers can transact directly, but will not be able to withdraw BCHABC and BCHSV in front of a difficult fork.
You can find conversion tools in the upper right corner of their trading platform:
On November 15, 2018, they will stop BCH deposits and withdrawals at 14:00 UTC. At 15:00 UTC, they will freeze the markets of BCH, BCHABC and BCHSV, cancel all outstanding orders, and take snapshots. Users who still hold the current BCH will immediately receive the equivalent amount of BCHABC and BCHSV. They will then deactivate the BCH market (because all balances will be zero).
They will start allowing withdrawals on both chains once they are stable. They are aware that there is currently no chain-wide replication protection; they have implemented their own replay protection and are able to broadcast replays that are replayed on individual chains.
Please ensure that all your transactions are completed before the break. They will make an announcement and reactivate deposits and withdrawals as soon as the network is stable. Your token will be stored safely during the break, and there is nothing you can do at this time if you don't want to participate in the pre-fork trade.
You don't have to be involved in pre-fork trading. If you choose to engage in pre-fork trading, please note that, like all trades on the platform, trading these assets can be very risky, and you trade at your own risk. It is possible that one of these chains will not be economical or technically feasible after a fork, and the value will go down to zero. In addition to these considerations, please note that the Poloniex User Agreement covers all activities in Poloniex.
Source: https://poloniex.freshdesk.com/support/solutions/articles/1000270700-update-on-the-upcoming-bitcoin-cash-hard-fork