ProBit announces support for Bitcoin cash upgrade and hard fork

Bitcoin Cash Node v27.0.0 upgrade and hard fork are scheduled for May 15, 2024. ProBit has come forward, announcing that it will support both processes for Bitcoin Cash. The only important date to note is May 15, 2024, when deposits and withdrawals of BCH will be suspended until further notice.

BCH deposit and withdrawal function will be unavailable on May 15, 2024, from 14:30 

(UTC+5:30), till an official notice from authorized channel sources. Bitcoin Cash hard fork will happen on the same date but three hours later. Deposit and withdrawal for BCH will resume only after the upgrade process has been concluded and the network is tested stable for operations. It is recommended not to entertain information from unauthorized sources, for only ProBit will announce the resumption of its services.

BCH/USDT trade will happen as usual during the upgrade and hard fork. The announcement has not done any good to the token, for it has plummeted by 4.70% in the last 24 hours. BCH is now listed at $407.57. While it has sustained the $400+ milestone, the drop is concerning since it takes away the increase to $450 by the end of this year.

That is still possible, provided all factors align favorably for Bitcoin Cash. Its current listed value is slightly up by 0.80% and massively up by 54.06% in the last 7 and 30 days, respectively.

ProBit recently announced entering into a partnership with Meld to improve the buying experience of cryptocurrency. This development dates to March 21, 2024, and highlights that it is a single dashboard integration wherein Meld brings most of its payment service providers to the table. These include on-ramp Money, TransFi, and Unlimited.

Meld has expressed commitment to continue providing a reliable fiat-to-crypto on-ramp offering as an aggregator.

ProBit Global also celebrated 5 years of being in the industry. The crypto exchange platform simultaneously marked the occasion to celebrate achieving the milestone of serving more than 3 million users across 190 countries. ProBit Global is now one of the core pillars of the industry, and it has navigated its way to the top amid rising volatility and uncertainty. It is majorly known for round-the-clock customer service and user-friendly UI.

Circling back to ProBit Global supporting Bitcoin Cash upgrade and hard fork, users may keep track of the availability of deposits and withdrawals via the Deposit and Withdrawal Status page simply by searching BCH in the relevant section. Alternatively, they can wait for ProBit to take it to its website or social media platforms to announce the resumption of services.

BCH/USDT trading services will remain unhindered throughout the process. Only deposit and withdrawal of BCH will be halted until the resumption notice.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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