It’s been feeling a lot like 2017 and 2018 in crypto lately. We’re throwing it back to 2018 and once again enabling pre-fork trading for the upcoming Bitcoin Cash (BCHABC) fork!
Starting today, we’re offering customers the option to split their BCHABC on Poloniex and claim equal amounts of Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN) prior to the November 15th fork. Customers can also merge their BCHA and BCHN to claim an equal amount of BCHABC that can then be traded or withdrawn. You can begin claiming BCHA and BCHN from within your Poloniex Wallet.
Once customers have split their BCHABC, they can then trade the two tokens at the center of the debate of the pending Bitcoin Cash fork. Pre-fork trading is now available for the following pairs: BCHA/USDT, BCHA/BTC, BCHN/USDT, and BCHN/BTC in our new FORK Innovation Zone.
On November 15, 2020, we will pause BCHABC deposits, withdrawals, and trading. We will then cancel all outstanding orders and take a snapshot of BCHABC, BCHA, and BCHN balances. Customers who still hold BCHABC at this time will receive an equivalent amount of the two new assets.
After the distribution, customers will be able to see their balances of both tokens inside of their Poloniex Wallet. However, deposits and withdrawals will not be enabled until we have deemed each blockchain’s network to be sufficiently stable. We will make an announcement and re-enable deposits and withdrawals as soon as the networks stabilize.
If you choose to engage in pre-fork trading, please note that, as with all trading on the platform, trading in these assets can be extremely risky. Trade at your own risk. It is possible that one of these chains will not be sustained after the fork and its value could drop to zero.