Kraken and Huobi Assign BCH Ticker to Bitcoin Cash ABC
According to separate announcements from Kraken and Huobi, both exchanges plan to commence Bitcoin SV coin trading on November 18, 2018. The two exchanges also announced their intention to list Bitcoin Cash ABC coins as BCH on their separate exchange platforms.
Huobi’s Plans for Post-BCH Hard Fork
Huobi announced that Bitcoin Cash ABC would retain the BCH designation, being the longer chain. The exchange also confirmed that the Bitcoin Cash network had created a checkpoint to establish two-way replay protection.
According to the announcement, Huobi will distribute Bitcoin SV (BSV) coins to pre-fork BCH holders on a 1 to 1 ratio. The exchange will list the BSV token on November 18, 2018 (GMT +8) and will commence BSV/BTC trading at 21:00 November 18, 2018 (GMT +8). Deposit services will resume at 14:00 November 19, 2018 (GMT+8) for BCH. While for BSV, deposit services will be made available from 15:00 November 20, 2018 (GMT+8).
There is, however, no mention of a definite date for the resumption of withdrawal services for the two coins. But Huobi assured its clients that withdrawal services would resume as soon as they can confirm the stability of both blockchains.
Kraken’s Plans for Post-BCH Hard Fork
Kraken also announced that tokens on the Bitcoin Cash ABC network would be listed as BCH on its exchange platform. The exchange also announced its support of the Bitcoin SV tokens, listing the tokens as Bitcoin SV (BSV).
BSV will go live on Kraken at approximately 15:30 PST November 18, 2018. The exchange will distribute BSV tokens to clients and begin trading at that time. Using a snapshot taken at the time the last common block was mined, Kraken will credit clients’ accounts with an amount of BCH and BSV individually equal to their pre-fork BCH holdings.
The following trading pairs will be made available: BSV/USD, BSV/BTC and BSV/EUR. However, unlike Huobi, Kraken did not announce a definite date for the resumption of deposit services for both coins.
As part of its announcement, Kraken issued a warning to its customers about BSV. Kraken warns that the BSV does not meet its usual listing requirements. Clients are advised to regard it as a high-risk investment.
Cryptocurrency Exchanges Adjusting to Life After Bitcoin Cash Hard Fork
Ethereum World News earlier reported that Binance had distributed BCHABC and BCHSV tokens to all pre-fork BCH holders on its exchange. The exchange opened trading for BCHABC/BTC, BCHABC/USDT, BCHSV/BTC, and BCHSV/USDT trading pairs at 8:00 AM November 16, 2018 (UTC).
Binance also announced that it has removed all Bitcoin Cash balances and delisted all Bitcoin Cash trading pairs. For deposit and withdrawals, Binance, like Kraken is still assessing the stability of the two blockchains.