Here is Where To Trade Pre-Fork Tokens of Bitcoin Cash (BCH)

09 Novembre, 2018, 14:09 | Auteur: Auguste Feret
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"This is the first time we are offering pre-fork trading..."

The crypto community is highly interested in the cryptocurrency of Bitcoin Cash (BCH) as it has a scheduled hard fork on the 15th of November.

What's your take? Which Bitcoin Cash fork will win out?

According to the announcement, Poloniex is offering both: "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". Bitcoin Cash has a total market cap of $10.88 billion and approximately $954.94 million worth of Bitcoin Cash was traded on exchanges in the last day.

A good percentage of the top exchanges with the highest trading volume for bitcoin cash (BCH) have jointly announced their plans to support the upcoming hard fork of the Bitcoin Cash which is expected to take place on November 15. As a result, anticipation has been growing that bitcoin cash (BCH) may undergo a divisive hard fork in which it splits into two competing cryptocurrencies. Notably absent is tether (USDT), the controversial-but-highly-liquid stablecoin.

Poloniex is now supporting the fork, so users who own $BCH will not need to do anything. The new hard fork is said to be geared toward allowing a much bigger block size, which triggers all sorts of speculations on why you should or shouldn't make block sizes larger. Deep-pocketed Ayre is with nChain CEO Jimmy Nguyen and nChain CTO Dr. Craig S. Wright on the SV side, while Bitcoin ABC lead developer Amaury Sechet, Bitmain CEO Jihan Wu, and BCH entrepreneur Roger Ver are some of the more high-profile faces on the ABC side.

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Reported by cryptocompare.com: "Bitcoin Cash (BCH) is a hard forked version of the original Bitcoin".

Bitcoin Unlimited Chief Scientist Peter Rizun announced this week that BU users will be able to approach the November 15th Bitcoin Cash fork however they like.

The hard fork won't affect your BCH. All BCH balances will then be set to zero.

Pre-fork trading has been live for roughly 12-hours and is only available to those willing to convert their BCH to either of the forks, so trading volumes are still small. News that cross-border payment system SWIFT was attracting the ire of the USA over their dealings with Iranian banks also gave XRP a leg-up.

This fork will not activate for a full week, but early returns show that traders are much more confident in BCHABC's ability to retain its value, at least over the short-term.

Notably, the pre-fork tokens are collectively trading at $625, nearly $40 above the value of BCH itself, which stands at $587 as of the time of writing. That should change as these markets grow more liquid.

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