Bitfinex Bitcoin Exchange Supports Bitcoin Cash Hard Fork Token
The Hong Kong cryptocurrency exchange Bitfinex has added to the listing the so-called Chain Split tokens for the two implementations of the Bitcoin Cash protocol.
We are introducing new Chain Split Tokens (CSTs) that will allow traders to trade the anticipated Bitcoin Cash tokens resulting from the Bitcoin Cash hard fork implementations "ABC" and "SV" on November 15, 2018.https://t.co/gA3pai4YL8
— Bitfinex (@bitfinex) November 13, 2018
So, BAB [Bitcoin ABC client] and BSV [Bitcoin SV client] tokens are avalialable for tradin in pairs with Bitcoin and US dollars. The Token Manager tool will allow users to convert their Bitcoin Cash into one of the tokens. This process is reversible, Bitfinex emphasized. At the same time, marginal trade in tokens will be unavailable.
The corresponding coins will be automatically converted into BAB and BSV tokens when hard fork will be implemented in Bitcoin Cash network. All current Bitcoin Cash holders will receive an equivalent number of coins.
Bitfinex also warned that support for BAB and BSV could be temporary, and that as soon as all negative balances were covered, the exchange could delist, allowing limited time for withdrawal.