Binance will take a snapshot of all Bitcoin Cash balances at UNIX time 1542300000, 2018/11/15 4:40:00 PM (UTC). Deposits and withdrawals of Bitcoin Cash will be suspended starting from 2018/11/15 3:00:00 PM (UTC). Please leave sufficient time for deposits to be processed in full prior to this time. We will handle all technical requirements involved for all users holding Bitcoin Cash in their Binance accounts.
As the Bitcoin Cash hard fork may result in two different chains, Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV), Binance will halt trading in all existing Bitcoin Cash markets, including BCC/BNB, BCC/BTC, BCC/ETH and BCC/USDT, at 2018/11/15 4:40:00 PM (UTC). We will prepare for the two potential scenarios below:
Scenario 1: The Bitcoin Cash hard fork does not result in a second coin
In this scenario, Binance will resume trading on all original Bitcoin Cash pairs. The exact time of trading will be released in a separate announcement.
Scenario 2: The Bitcoin Cash hard fork results in a second coin being created
In this scenario, Binance will replace all Bitcoin Cash (BCC) balances with BCHABC and BCHSV, distributing each at a 1:1 ratio based on the aforementioned snapshot taken of Bitcoin Cash (BCC) balances. We will make a separate announcement to notify users what the exact trading times will be for both BCHABC and BCHSV. All BCC trading pairs will also be removed from the exchange.
Please note: Deposits and withdrawals will remain closed until we deem the forked blockchains and wallets to be usable and stable.
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Great to hear that binance is supporting the fork. Although i wouldn't reply on BCH fork being a huge success.
Ps: follow me for a follow back and to get updates on securypto and other upcoming potential ICO's.
We agree. It’s going to be very interesting what comes out of this.
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