This is the expected timeline that will be followed for the Bitcoin Cash fork on Panxora. All times are in UTC.
15:00
- BCH pairs will be suspended for trading on the Panxora platform.
15:00-17:00
- All orders in BCH will be cancelled
- The new tokens will be introduced in suspended state. The name for these new tokens are:
- BAB – Bitcoin Cash ABC
- BSV – Bitcoin Cash SV
- Customer positions in BCH (whether long or short) will be converted into the same number in both coins. Please note if you are short BCH your short BCH position will be closed and 2 short positions in BAB and BSV will be opened. These transactions will be marked at 0 value with zero commission.
- You will be able to review your forked token positions
17:00
- Trading will commence on the BAB and BSV tokens
TBC
- When the chains have stabilised we will re-enable withdraws on the two new tokens
- Depending upon market convention, at some time in the future we may re-label one of the markets as BCH.
About Panxora
Panxora provides services that professionalise and elevate the crypto ecosystem. Its offerings are built on the back of the team’s experience in technology, blockchain and traditional finance. Its treasury risk management technology and investment proposition offer much-needed support for token projects looking for professional methods to raise funds and manage capital. It also has a hedge fund which trades the crypto markets using proprietary AI-software open to high net worth, professional and institutional investors. Its cryptocurrency exchange provides liquidity for token projects, and its accounting and payments software for crypto simplifies and automates the tracking and clearing of crypto transactions.
From its offices around the world, Panxora is ensuring that crypto asset holders and token founders have the tools they need to build dynamic, professional and profitable businesses.
Media contact for Panxora:
Amna Yousaf,
VP Investment,
[email protected]
+1 345 769 1857