OkEx BCH, Bitcoin SV, ABC hard fork support

OkEx BCH, Bitcoin SV, ABC hard fork support

OkEx exchange has issued a statement on their website about the upcoming Bitcoin Cash hard fork that is scheduled to take place around 1740H on November 15th 2018. Two new coins are expected to crop up in this hard fork – Bitcoin SV and Bitcoin ABC.

Here is what OkEx says about the hard fork.

1. If either Bitcoin SV or Bitcoin ABC adds replay protection to cause a successful fork, OKEx will offer a 1:1 airdrop to users based on the BCH amount snapshotted. (Snapshot details to be mentioned below)
2. If neither Bitcoin SV nor Bitcoin ABC implements replay protection, OKEx will re-open the depositing and withdrawal of BCH(ABC) or BCH(SV) after the mainnet resumes stable operation.
3. BCH depositing and withdrawal will be suspended from 07:00 Nov 15, 2018 (CET). For your assets’ safety, please deposit your BCH to OKEx in advance.
NOTE: DO NOT deposit BCH during the suspension period, otherwise it may cause asset loss.

OKEx will take a snapshot of all BCH balances from 17:35 to 17:40, Nov 15, 2018 (CET). The snapshot will take five minutes due to the large user pool.

OKEx will take snapshots of the wallet, fiat account, token account, futures account, and margin account. The snapshots will include the available BCH balance in the fiat account, the BCH balance of the wallet, spot, and margin accounts, as well as the BCH equity balance (account balance + PnL + UPL) of the futures account.