EXMO will support the dominant Bitcoin Cash hard fork chain. Please note that BCH deposits and withdrawals will be temporarily suspended from 16:00 UTC on 13th November 2020.
In August 2020, Bitcoin Cash ABC announced plans to update the blockchain. All network nodes should receive the update by 15th November 2020 or become part of an alternative chain. The main innovations of the update include the following:
It was the latter issue which led to the division of the community and the creation of BCHN due to the lack of support of the Coinbase Rule.
Bitcoin ABC and BCHN are in a tussle for the Bitcoin Cash brand, and so far BCHN is in a stronger position with more than 75% of nodes. The BCH network will be hard forked on 15th November 2020 at 12:00 UTC. You can monitor the hard fork countdown here.
To protect our traders and support the BCH hard fork, EXMO will take the following actions:
Follow the platform’s news to learn more about the results of the Bitcoin Cash fork and the resumption of BCH deposit/withdrawal functions on the exchange.
We received a huge number of requests from users regarding EXMO’s official position on the BCH hard fork. Our position has not changed: EXMO will support the chain with the largest number of nodes. At the same time, we listen to our users and want to inform them with the following information:
We will do our best to ensure that the new BCH fork does not affect trading. However, please be aware that it may be necessary to temporarily suspend trading. If this is necessary, we will notify you.