In order to support the upcoming Bitcoin Cash(BCH) hard fork, DragonEx will take a snapshot of all Bitcoin Cash balances at UNIX time 1542300000, 00:40a.m., November 16, 2018, UTC+8.
As the hard fork of BCH may result in two different chains Bitcoin Cash ABC(BCHABC) and Bitcoin Cash SV(BCHSV), DragonEx will suspend the trading of BCH/USDT and BCH deposits and withdrawals at 20:00 November 15, 2018, UTC+8. It’s advised not to deposit BCH after the relevant service is closed, otherwise, it may cause assets losses.
Besides, DragonEx will prepare for the two potential scenarios below:
Scenario 1: The Bitcoin Cash hard fork does not result in a second coin.
In this scenario, DragonEx will resume trading on all original Bitcoin Cash pairs. The specific time of trading will be released in a separate announcement.
Scenario 2: The Bitcoin Cash hard fork results in a second coin being created.
In this scenario, DragonEx will replace all Bitcoin Cash balances with BCHABC and BCHSV, distributing each at a 1:1 ratio to our users based on the mentioned above snapshot taken of Bitcoin Cash balances, once we deem this two forked blockchains are usable and stable.
November 15th, 2018