Bitcoin Cash: Our Position
As the dust settles on the recent hard fork, we are now in a position to explain in more detail how we will deal with Bitcoin Cash.
In the run up to the hard fork, we advised our customers that we had chosen not to interact with the UAHF chain, and that those who wanted to receive Bitcoin Cash (BCH) immediately after the fork should withdraw their BTC.
Although this was perhaps not the most convenient way for our customers to receive their BCH funds, it was clearly the best course of action to take to ensure the continued stability and security of our platform. The safety of the funds under our custodianship comes before all other considerations, even if this may cause temporary disruption.
For those of our customers who chose to leave their BTC on our platform at the time of the fork, we recorded their BCH balances for the timestamp of the last common block (block 478558), which is 1 August 2017, 13:16:14 UTC.
These BCH balances will be made available to our customers as soon as it is safe to do so. If and when the Bitcoin Cash system has been thoroughly tested and is sufficiently stable, we will then consider listing BCH. However, a series of technical, safety and regulatory requirements need to be met in order for this to occur, and it is still too early in the day to make realistic predictions about the timeframes involved.
Please check back here, on our Facebook page and on our Twitter feed for updates as and when they happen.
In the run up to the hard fork, we advised our customers that we had chosen not to interact with the UAHF chain, and that those who wanted to receive Bitcoin Cash (BCH) immediately after the fork should withdraw their BTC.
Although this was perhaps not the most convenient way for our customers to receive their BCH funds, it was clearly the best course of action to take to ensure the continued stability and security of our platform. The safety of the funds under our custodianship comes before all other considerations, even if this may cause temporary disruption.
For those of our customers who chose to leave their BTC on our platform at the time of the fork, we recorded their BCH balances for the timestamp of the last common block (block 478558), which is 1 August 2017, 13:16:14 UTC.
These BCH balances will be made available to our customers as soon as it is safe to do so. If and when the Bitcoin Cash system has been thoroughly tested and is sufficiently stable, we will then consider listing BCH. However, a series of technical, safety and regulatory requirements need to be met in order for this to occur, and it is still too early in the day to make realistic predictions about the timeframes involved.
Please check back here, on our Facebook page and on our Twitter feed for updates as and when they happen.