After the previous hard fork created Bitcoin Cash, a new split of the blockchain is expected later this year over the acceptance of the SegWit2x proposal. This means that we might see the emergence of a third ‘Bitcoin’ in November, and service providers must be prepared for that.
Today OKEx, the Hong Kong-based derivatives exchange from the team behind Chinese Bitcoin trading giant OKCoin, notified its users of its policy regarding the matter. Most importantly, the venue explains that immediately before and after the potential SegWit2x hardfork, until the network is stabilized, OKEx will suspend all BTC deposits and withdrawals.
It added that “as a company dedicated to promote Bitcoin application, we strive to provide the best services to our customers. Therefore, we will support all major Bitcoin technical development roadmaps and respect our customers’ individual desire.”
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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