Exchange

OKEx Lists Bitcoin Cash ABC Under Original Bitcoin Cash ticker BCH

The second largest cryptocurrency exchange OKEx has given an official announcement that it will feature Bitcoin Cash ABC under the original Bitcoin Cash ticker BCH.

The exchange has decided to change the ticker of Bitcoin Cash ABC from BCHABC to BCH. The Bitcoin Cash SV ticker will also change to from BCHSV to BSV. The change will be applicable at 5 a.m. UTC+1 on Dec. 13. Meanwhile, Spot trading of both BCHSV and BCHABC will be paused.

The announcement says, “All remaining balance of the original BCH will be settled, and the asset will be removed from your account. The spot trading services of BCH and BSV are expected to resume at 07:00 Dec 13, 2018 (CET, UTC +1).”

This comes following the Bitcoin Cash hard fork which has split the Bitcoin Cash into two tokens: Bitcoin Cash ABC and Bitcoin Cash SV. After the split, OKEx is not the only exchange to have taken the step. Bitcoin Cash ABC obtained the original BCH ticker on other significant crypto exchanges, too. The Gemini crypto exchange also declared that it would “only be providing support for the Bitcoin ABC network.” Also, it will be identified on the platform as BCH.

One more massive crypto exchange Coinbase also made a similar announcement. the exchange expressed at that time, “it would continue to evaluate the safety of the BCH SV chain.” Coinbase explained about why it chose the ABC camp, stating, “it is due to a number of factors including the fact that ABC has a higher hash rate and a longer proof-of-work (PoW) chain.”

Recently, United American Corp. (UnitedCorp) based in Florida filed a lawsuit against a slew of large firms and personages in the crypto market like Kraken crypto exchange, crypto mining firm Bitmain, and Roger Ver.

Reportedly, The suit claims that these firms and Ver used unfair methods and practices to manipulate the BCH network for their profit and to the detriment of UnitedCorp and other BCH stakeholders. It also alleges that on Nov. 20, the Bitcoin Cash ABC dev team put a “poison pill” into the blockchain by way of a “Deep Reorg Prevention” to strengthen control over the Bitcoin Cash blockchain ledger.

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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.
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