In an official statement, Malta-based cryptocurrency exchange OKEx revealed that it would be listing Bitcoin Cash ABC on its platform under the original Bitcoin Cash ticker, BCH.
The exchange declared that it would be changing the ticker of Bitcoin Cash ABC from BCHABC to BCH. And simultaneously, Bitcoin Cash SV ticker will be altered from BCHSV to BSV. The change would come into effect at 5 am Dec 13, 2018 (CET, UTC +1).
Following the change, spot trading of BCHABC and BCHSV will be suspended. All remaining balance of the original BCH will be settled, and the assets will be removed from users’ accounts, the firm confirmed. The spot trading services of BCH and BSV are most likely to resume at 07:00 am, Dec 13, 2018 (CET, UTC +1).
The exchange has, therefore, asked its API users to make the necessary changes for their BCHABC / BCHSV. Margin traders of the original BCH/USDT trading pair are recommended to transfer the USDT fund out of the margin account in advance. During the BCH removal, the OKEx platform will transfer any remaining balance of USDT in users’ original BCH/USDT account to their spot account automatically. OKEx users were also asked to take a proper backup their order history and bills as the original BCH futures contracts will no longer be available after the change on Dec 13.
Bitcoin Cash split into Bitcoin Cash ABC (Adjustable Blocksize Cap) and Bitcoin Cash SV (Satoshi’s Vision) in a hard fork that was the result of a network update on Nov. 15. Of the both, Bitcoin Cash ABC seems to have emerged victorious with major cryptocurrency exchanges choosing Bitcoin Cash ABC over Bitcoin Cash SV.
A few days back, Gemini, the cryptocurrency exchange owned by billionaire twins Tyler and Cameron Winklevoss announced its support ‘only’ for the Bitcoin ABC network under ticker BCH.
Similarly, in October, United States-based crypto exchange Coinbase extended its support for Bitcoin ABC for a variety of reasons including the fact that ‘ABC has a higher hash rate and a longer proof-of-work (PoW) chain.’ The exchange, however, stated that it would continue evaluating the safety of the BCH SV chain as well.