Bitcoin Cash is expected to perform a hard fork protocol upgrade at 20:00 (GMT+8) on November 15, 2020. DigiFinex will support the BCH hard fork if it occurs. In order to reduce the potential trading risks of market fluctuations during the fork and fully guarantee the security of our users’ assets, DigiFinex will support BCH upgrade and fork. Following is the schedule:
I.BCH deposit & withdrawal
DigiFinex will suspend BCH deposit and withdrawal on Nov 12, 2020 at 18:00 (GMT+8). Please deposit or withdraw BCH in time. We will deal with any technical problems users have due to this hard fork.
II.Spot, margin and perpetual swap trading
DigiFinex will close BCH trading pairs in spot market on Nov 13, 2020 at 16:00 (GMT+8). For users who placed orders of BCH, please cancel orders before this time. Otherwise, orders will be canceled by our system automatically.
DigiFinex will close BCH trading pairs in Margin market on Nov 13, 2020 at 15:30 (GMT+8) and trigger forced repayment on Nov 13, 2020 at 16:00 (GMT+8). Please repay your borrowed tokens for margin trading before the closing time, otherwise, our system will perform forced repayment automatically.
3.Perpetual swap trading:
DigiFinex will close BCH/USDT trading pair in Perpetual swap market on Nov 13, 2020 at 16:00 (GMT+8), 2020. Please cancel orders and close positions before this time.
1.The system will automatically cancel orders and close positions at the specified time. Please take necessary risk control measures by canceling orders, closing positions or repaying loans in advance.
2.We will take a snapshot of BCH assets on DigiFinex spot accounts at 20:00 on Nov 15, 2020(GMT+8) as the basis for the forked token distribution, please transfer your BCH assets to your spot account before the upgrade.
3.After the fork, we will distribute the forked token to the eligible users at a 1:1 ratio based on the BCH snapshot. Since there is no fair naming standard for the BCH fork in the current community, DigiFinex will set a transition period for the fork. After the community has formed a consensus on BCH naming, we will end the transition period and rename BCHA or BCHN.
4.After the fork, we will open the deposits and withdrawals, spot trading,margin trading and perpetual swap trading for BCH when the network is stabilized. The deposits and withdrawals and trading service for the forked asset will be notified via another announcement.
Thank you for your support!
11st Nov 2020
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