Main exchange offices speak out on Bitcoin Cash and on August 1

The closer you get to 1 August, the more you are reacting to the activation of SegWit in Bitcoin and the UAHF triggered by the ViaBTC initiative and its Bitcoin Cash (BCC). A word of weight in this situation is the exchange houses, which one by one have been exposing their position on the emerging BCC and the methods they plan to use in response to the imminent Bitcoin bifurcation. Below we present the most relevant aspects of the reactions of the main exchange houses regarding BCC:

In favor of BCC

Houses such as Bitfinex, Kraken, Bittrex, OKCoin, HitBTC, Bithumb, Livecoin, Allcoin and of course ViaBTC have shown their support for the use of Bitcoin Cash after the bifurcation. All of them have stated that after August 1 they will accredit their users who had BTC accounts prior to the fork, with an equivalent amount of BCC.

Some such as Bitfinex and Bittrex leave the door open to allowing BCC operations in the future, after analyzing this option after August 1. The ones that are sure about this are the HitBTC and Kraken houses, which will enable BCC operations right after the UAHF. They also agree to discontinue operations with BTC while conducting this event, promising to enable them again as soon as they consider it safe for their users.

Going into detail, Bitfinex mentions that it will use a bifurcation response policy different from the one traditionally proposed because of the peculiarities that characterize this fact. The distribution of Bitcoin Cash (which will be called BCH to avoid confusion with the Bitcoin Core token that already exists on its platform) will be done under a scheme based on the margins of purchase / sale of each customer that owns BTC, and its position as Lender. On the other hand HitBTC, in its operations already available with Bitcoin Cash, will call it BCCF, equivalent to Bitcoin Cash Future, and will become BCC after August 1st.

Feedback to BCC

Just as some exchange houses have shown support for the use of BCC, or at least for the accreditation of this currency to its customers with BTC accounts, other houses such as Bitstamp, Coinbase, and Latin American Bitso, SurBTC and Volabit have clearly expressed Which do not intend to operate with this currency.

The five platforms have advised their clients that if they are interested in obtaining funds in BCC for their BTC accounts, remove their bitcoins and move these accounts to other exchange offices that do allow it. They argue, for the most part, that the decision not to support the use of BCC at this time is due to the fact that they do not consider it more than another altcoin, so that, if added to its operations book, it must be studied in depth As with any other alternative cryptonnet.

Like exchange offices in favor of BCC, they will suspend deposits and withdrawals in BTC during July 31 and will reinstate them after August 1, after considering that the network is safe again. They also share the security guarantee of accounts that maintain their balance in bitcoin on these platforms.

The row of undecided

In the middle of both positions expressed by the exchange houses already mentioned, we have some of renown that have not expressed a definitive position before the appearance of Bitcoin Cash. Among these we have Poloniex, C-Cex and Yobit. The only thing they have exposed on the subject of Bitcoin and on August 1 is that they plan to suspend deposits and withdrawals from BTC.

In the case of Poloniex, the platform clarified that other currencies related to BTC will also be included in this suspension. Your services and operations with these currencies will be back as long as you consider it to be safe for your customers. This same house of change closes its announcement recommending to the users of criptomonedas that in case of not entrusting to a third party the decision to support or not the result of what happens with BTC, simply withdraw their funds from that site.

As you can see, there are all sorts of opinions as to the subject that now keeps the members of the blockchain community around the world on the edge of the chair. It is already up to each BTC resident by which bureau of exchange will continue to do their BTC or even BCC operations.

Donations:

Dogecoin: DQVQfoxjue1DR2sK8MU8GLMxe4gjesTxt8
Ethereum: 0x0Db0cCc3cd06bdDcc562b9126dCD432bD6783E39
Eos: 0x0Db0cCc3cd06bdDcc562b9126dCD432bD6783E39