Binance has listed both BCH forks as trading pairs. Bitcoin Cash has split!

16 Nov, 2018
by Arthur Sillers
Breaking News
Binance has listed both BCH forks as trading pairs. Bitcoin Cash has split!

Binance has added both a BCHSV and BCHABC trading pair to its website, indicating it will likely honor both Bitcoin Cash forks, issuing double tokens to all BCH holders.

While Binance has yet to make an official announcement, it has quietly created a BCHSV trading pair, which seems to indicate that it considers ‘Scenario 2’ to have happened as per its announcement yesterday which preempted the hard fork and the hash wars.

In the announcement, Binance predicted one of two outcomes- either one of the chains manifestly ‘won’ the hash war, and continued as the only legitimate fork, or else both forks continue to vie for legitimacy, upon which Binance will ‘replace all Bitcoin Cash (BCC) balances with BCHABC and BCHSV’

Binance has since created a trading pair for both BCH SV and BCH ABC with BTC, which seems to indicate that it will honor both currencies, effectively ‘splitting’ the former BCH token into two new tokens. Indeed, the hash war so far does not have a conclusive victory, with both tokens continuing to vie for supremacy in a particularly dramatic software update. The ramifications of this are still unknown, with myriad technical concerns and uncertainties surrounding this unprecedented event.

Binance has yet to make an official announcement, but if it keeps to it’s word it will give traders who had BCH token’s yesterday when Binance suspended trading both a BCH SV and BCH ABC tokens as soon as the exchange can ‘ deem the forked blockchains and wallets to be usable and stable.’


Read more: Market manipulation? Binance system upgrade coincides with BCH fork 

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