The recent Bitcoin Cash hard fork has seen the network split into two— Bitcoin SV protocol and Bitcoin Cash ABC. As a result of this, new tickers need to be assigned to each protocol across several exchanges. In light of this, Kraken and Huobi, has announced plans to continue listing the Bitcoin Cash ABC token as BCH and the Bitcoin SV coin as BSV.
Announcement from Kraken and Huobi
Both Kraken and Huobi made this known in separate announcements. According to the announcements, trading of Bitcoin SV coin on both exchanges started yesterday November 18, 2018.
Huobi’s Plans for Post-BCH Hard Fork
According to the announcement from Huobi it was made known that Bitcoin Cash ABC will retain the main network tickers, BCH. This is because it is the longest chain of the two hard forks. In the announcement, Huobi made it known that the “Bitcoin Cash network had created a checkpoint to establish two-way replay protection”.
The announcement also made it known that the exchange will distribute Bitcoin SV (BSV) coins to pre-fork BCH holders on a 1 to 1 ratio.
Huobi has included dates and time it would be listing various relating trading pairs on its exchange. The following dates and time were fixed:
“BSV token will be listed on November 18, 2018 (GMT +8) and will commence BSV/BTC trading at 21:00 November 18, 2018 (GMT +8). Deposit services will resume at 14:00 November 19, 2018 (GMT+8) for BCH. While for BSV, deposit services will be made available from 15:00 November 20, 2018 (GMT+8).”
It is, however, important to note that no date has been fixed for when the withdrawal of the two coins will commence on the exchange. Although the exchange made it known that this is expected to take place once the network stability is confirmed.
Kraken’s Plans for Post-BCH Hard Fork
Following a similar pattern as Huobi, Kraken has also made it known that it will be listing Bitcoin Cash ABC token as BCH and the Bitcoin SV tokens, as Bitcoin SV (BSV).
According to an announcement from the exchange, trading and distribution of BSV will go live on Kraken at approximately 15:30 PST November 18, 2018. All traders will be able to trade the following BSV token pairs: BSV/USD, BSV/BTC and BSV/EUR. It is important to note that Kraken has not fixed a date for the deposition of this coin and the exchange has also warned that the BSV token should be treated as a high-risk investment as it does not meet many of its listing criteria.