Exchanges

20/11/18 02:45 UTC-4

Kraken supports hard fork Bitcoin Cash

Kraken supported ABC and SV
Kraken supported ABC and SV

On November 18, Kraken, a major US cryptocurrency exchange, confirmed in its blog that it had begun to support both Bitcoin Cash forks (BCH), warning traders about a variety of risks.

Kraken, who initially stated that she would support only one of the two BCH chains – ABC, began tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
in the affiliate chain, Bitcoin Cash SV (BSV), at press time.

The BCH hard forkFork
– is the intentional use of one code base of a software project to start another. That is, changing the blockchain code to split it into two.Details
network, which took place on November 15th, still reserves disputes. Bitcoin Cash SV is currently at the center of a controversy with Chief Representative Craig Wright and his nChain company.

On Monday, none of the chains benefited when BCH prices declined, and cryptocurrency commentators, such as BitTorrent founder Bram Cohen, openly criticized the ABC and SV camps.

By issuing both tokens to its users, Kraken was also frank in his reservations about stability and the prospects for the MCB.

"Bitcoin SV does not meet Kraken’s usual listing requirements", he said.

Adding: "This step should be viewed as an investment with a very high risk. There are many things that traders need to know about."

Kraken stressed that he takes no responsibility from himself: "Losses committed as a result of attacks originating from nChain or its affiliates will be summarized among all the owners of BSV on Kraken. Considering the unstable state of the network and the threats that were made, Kraken cannot guarantee the reliability of BSV."

As previously reported by the Cointelegraph, many large exchanges have decided to stop the idea of ​​BCH trading indefinitely to measure the long-term success of two competing chains.

The impact of a hard fork on the crypto-market continues. Bitcoin (BTC) lost about 5 percent in 24 hours, altcoins suffered heavier losses, Ethereum (ETH) fell by more than 11 percent, reaching the lowest price since July 2017.

Currently, Kraken is the 17th largest cryptoexchange in the world in terms of daily trading volume. But nevertheless, also carries the risk of contacting the fork.

Editor: Yuliya Soroka

See also: "Zeniex, South Korean stock-exchange closes after seven months of operation"

#Kraken #ABC #SV #Bitcoin Cash

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