November 15 will go down in cryptocurrency history as a date of Bitcoin Cash (BCH) hard fork.
The upcoming division of the chains caused the price increase of the coin. According to Coin.360, over the past 24 hours, Bitcoin Cash raised by 4.21%, and costs $564 at the time of writing.
Thus, two biggest crypto exchanges, namely Binance and Coinbase, released statements considering this fact.
In its blog, Binance stated that it would support the upcoming hard fork, indicating the following information:
“We will take a snapshot of all Bitcoin Cash balances at UNIX time 1542300000, 2018/11/15 4:40:00 PM (UTC). Deposits and withdrawals of Bitcoin Cash will be suspended starting from 2018/11/15 3:00:00 PM (UTC). “
As for Coinbase, it says it will be keeping an eye open for the process and try to lessen the risk of customers disruption. Moreover, it will also suspend the trading with Bitcoin Cash.
“beginning at 8:00AM PST on 11/15/2018 (approximately 1 hour before the fork). Please be sure all BCH sends and receives are completed prior to that time. During the pause, your BCH will remain safely at Coinbase.”
We remind you
Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/