Poloniex Exchange to Launch Pre-Fork Trading for Upcoming Bitcoin Cash Hard Fork
Cryptocurrency exchange Poloniex has become the first crypto trading platform to allow users to trade coins on both sides of the contentious hard fork, which is scheduled to activate on the BCH network on Nov. 15.
Customers now have the option of converting Bitcoin Cash into BCHABC and BCHSV, and vice-versa. However, there will be no withdrawal facilities for the two coins before the hard fork.
The blog goes on, saying that their plan is to take a neutral stance on the decision of which of the forks that the users opt for, but they also want to “empower” the users by offering a trading activity that typically is not an option.
1/ NEWS: Ahead of the Bitcoin Cash (BCH) hard fork, we are opening pre-fork trading of the two planned protocol upgrades, Bitcoin Cash ABC and Bitcoin Cash SV. Learn more here: https://t.co/KitP8N4tCf pic.twitter.com/RcDBke6DLP
— Poloniex Exchange (@Poloniex) November 8, 2018
From the announcement:
“We believe the responsible thing to do in this case is to remain neutral and allow the community to decide which chain to support, and we want to empower the community to demonstrate their support through trading activity. This is the first time we are offering pre-fork trading and it is part of a broader effort to make Poloniex one of the most innovative exchanges in the world. Going forward, we will evaluate each hard fork individually and decide whether to support the fork or to offer pre-fork trading.”
Please ensure that all your transactions are completed prior to the pause. We will make an announcement and re-enable deposits and withdrawals as soon as the networks stabilize. Your tokens will be safely stored during the pause, and there is nothing for you to do at this time if you don’t want to participate in pre-fork trading.
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