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Poloniex opens trading for BCH pre-fork, offering BCHABC & BCHSV trading

08 Nov, 2018
by Ryan Boltman
News
Poloniex opens trading for BCH pre-fork, offering BCHABC & BCHSV trading

Circle owned cryptocurrency trading exchange Poloniex has announced that they will be opening trading for bitcoin cash projects pre-fork.

As of today, Poloniex will be offering customers the option to trade two tokens which will stem from the upcoming Bitcoin Cash ($BCH) hard fork. 

The coins include Bitcoin Cash ABC ($BCHABC) and Bitcoin Cash SV ($BCHSV).

In the announcement, Poloniex explains that they will be taking a neutral stand and allow the community "to decide which chain to support, and we want to empower the community to demonstrate their support through trading activity."

The announcement sees a first for Poloniex by offering pre-fork trading on the exchange in an effort to "make Poloniex one of the most innovative exchanges in the world."

The pre-fork trading pairs will include: BCHSV/USDC, BCHABC/USDC, BCHSV/BTC, and BCHABC/BTC. Customers can convert $BCH into equivalent amounts of $BCHABC and $BCHSV, however they will not be able to withdraw the new coins before the fork. 

Poloniex is currently supporting the fork, so users who own $BCH will not need to do anything. The fork is planned to happen on the 15 November. 

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