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Further Information Regarding the Upcoming Bitcoin Cash Hard Fork

Further Information Regarding the Upcoming Bitcoin Cash Hard Fork

2018-11-14 00:54

Fellow Binancians,

To support the upcoming Bitcoin Cash hard fork, Binance will take a snapshot of all Bitcoin Cash balances at UNIX time 1542300000, 2018/11/15 4:40:00 PM (UTC). Deposits and withdrawals of Bitcoin Cash will be suspended starting from 2018/11/15 3:00:00 PM (UTC). Please leave sufficient time for deposits to be processed in full prior to this time. We will handle all technical requirements involved for all users holding Bitcoin Cash in their Binance accounts.

As the Bitcoin Cash hard fork may result in two different chains, Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV), Binance will halt trading in all existing Bitcoin Cash markets, including BCC/BNB, BCC/BTC, BCC/ETH and BCC/USDT, at 2018/11/15 4:40:00 PM (UTC). We will prepare for the two potential scenarios below:

Scenario 1: The Bitcoin Cash hard fork does not result in a second coin

In this scenario, Binance will resume trading on all original Bitcoin Cash pairs. The exact time of trading will be released in a separate announcement.

Scenario 2: The Bitcoin Cash hard fork results in a second coin being created

In this scenario, Binance will replace all Bitcoin Cash (BCC) balances with BCHABC and BCHSV, distributing each at a 1:1 ratio based on the aforementioned snapshot taken of Bitcoin Cash (BCC) balances. We will make a separate announcement to notify users what the exact trading times will be for both BCHABC and BCHSV. All BCC trading pairs will also be removed from the exchange.

Please note: Deposits and withdrawals will remain closed until we deem the forked blockchains and wallets to be usable and stable.

Thanks for your support!

Binance Team



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