THELOGICALINDIAN - As the achievability of an August 1 useractivated adamantine angle UAHF approaches a few wellknown bitcoin exchanges accept issued statements to barter that they will not abutment the Bitcoin Cash BCC agreement and its associated badge
Also read: How Exchanges Plan to Deal With a Possible August 1 Fork
The First Exchange to Announce the Platform Will Not Support Bitcoin Cash
Over the accomplished few weeks, Bitcoin.com has kept our readers abreast of the achievability of an accessible adamantine angle at the end of the month. It seems that the user-activated adamantine angle that was initially declared to aloof be a accident plan adjoin the user-activated bendable angle (UASF) still ability happen. This agency Bitcoin Cash supporters will try to veer off from the capital alternation and accomplish on their own agreement of consensus. Over the accomplished few weeks, abounding bitcoin trading platforms accept revealed their plans to accord with this accurate adamantine angle as some of them will account the BCC token. However, there are a agglomeration of added acclaimed exchanges that will not abutment the BCC branch.
The aboriginal bitcoin trading platforms to advertise they will not abutment the BCC adamantine angle were GDAX and Coinbase. The GDAX barter is a subset of the Coinbase company, and the August 1 UAHF affairs are the same.
“The accepted User Activated Hard Fork (UAHF), including Bitcoin ABC, is a angle to adapt the Bitcoin agreement by creating a new adaptation of the Bitcoin software, which will accomplish on its own, abstracted blockchain,” explains Coinbase and GDAX. “We do not plan to action abutment for the UAHF alternation at this time — You will not be able to abjure the UAHF adaptation of any Bitcoin from Coinbase.”
Poloniex Leaves the Decision Up in the Air
On July 24 the ample cryptocurrency barter Poloniex appear its affairs to handle the “potential bitcoin arrangement disruption.” The barter will be awkward withdrawals and deposits but will acquiesce trading to abide on August 1. As far as the adamantine angle is anxious and advertisement the BCC badge on Poloniex, the close says at this time they “cannot accomplish to acknowledging any specific blockchain that may appear if there is a blockchain split.” From Poloniex’s announcement, it seems the trading belvedere is abrogation it up in the air for now.
“Even if two applicable blockchains emerge, we may or may not abutment both and will accomplish such a accommodation alone afterwards we are annoyed that we can cautiously abutment either blockchain in an action environment,” explains the U.S. based barter Poloniex.
Itbit Will Not Support the UAHF Outcome
The institutional bitcoin trading belvedere Itbit has additionally abundant that it will not abutment Bitcoin Cash or a UAHF acquired token. From August 1 at 00:01 UTC to August 2 00:01 the barter will not action authorization and bitcoin withdrawals alongside suspending BTC deposits. According to Itbit the UAHF angle could finer actualize a new bread on August 1, 2017, and the aggregation will not abutment the outcome.
“Itbit will not abutment the trading of Bitcoin Cash — If barter appetite to admission Bitcoin Cash anon afterward the fork, they should abjure their Bitcoin to an alien wallet abode on or afore July 31, according to accepted cutoffs,” Itbit details.
Bitmex and Exodus Choose to Decline BCC Listing
The cryptocurrency barter Bitmex is additionally abutting the exchanges that will not abutment the BCC blockchain. Bitmex says the change is “incompatible” with the accepted Bitcoin ruleset and the trading belvedere may be clumsy to assure the new BCC tokens on account of clients.
“As such, Bitmex will not abutment the breach or administration of Bitcoin Cash, nor will Bitmex be accountable for any Bitcoin Cash beatific to Bitmex,” the company’s blog explains. “Therefore, it is up to our users to abjure from Bitmex above-mentioned to August 1st if they ambition to admission Bitcoin Cash tokens or any added hardfork.”
The wallet and congenital barter belvedere Exodus says they will not embrace the BCC badge either. However, Exodus users will be able to acceptation their keys into a BCC accordant applicant and retrieve their adamantine angle backing afterwards the split. The aggregation awful recommends not application bitcoin during the angle and tells barter they should patiently delay for the agreement change to end. Similarly, the bitcoin wallet provider BTC.com will additionally accommodate a apparatus for those who ambition to extract their Bitcoin Cash from the BTC.com wallet.
Bitstamp Says BCC is an ‘Altcoin’ and Will Not Support the Protocol
The European Union-based bitcoin barter Bitstamp has taken the befalling on July 27 to acquaint barter what it affairs to do during a abeyant adamantine fork. As of now Bitstamp will not account the BCC ancillary of the angle and considers the badge an “altcoin.”
“In the accident of a User Activated Hard Fork (UAHF) on 1 August or thereafter, it is important to analyze that Bitstamp would not be in a position to abutment Bitcoin Cash (BCC), the bread associated with the Bitcoin Cash proposal,” explains the company’s blog post.
There are additionally a agglomeration of exchanges like Okcoin, Huobi, Livecoin, BTCC, Bithumb, Viabtc, and others that accept appear they will abutment the Bitcoin Cash blockchain and account the BCC token. It’s additionally account acquainted the Bitcoin Cash badge may accept a botheration with its abbreviated ‘BCC’ ticker as it is already acclimated by a cryptocurrency alleged Bitconnectcoin.
Meanwhile, abounding BCC advocates are aghast with these added trading platforms allotment not to account the UAHF token. Some skeptics accept alike asked what these exchanges plan to do with the bitcoin larboard on platforms and whether or not the aggregation will acquire the account of this abeyant split. Whatever the case may be these trading platforms will not abutment the BCC protocol, and those who ambition to access the badge should abolish their funds from these specific exchanges.
What do you anticipate about the exchanges that are allotment not to account BCC? Do you anticipate they accept accustomed barter abundant notice? Let us apperceive what you anticipate in the comments below.
Images via Shutterstock, Bitcoin Cash, Coinmarketcap.com, and the Viabtc exchange.
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