Disabling of exchanges on August 1
Posted: Thu Jul 20, 2017 10:27 am
I asked Chris to submit support tickets to all exchanges asking them if they will be providing Bitcoin Cash to customers for their Bitcoin balances as well.
Since we expect Bitcoin Cash to be worth more than the small amount of reduced profitability caused by the exchanges that are disabled, we will cease trading at exchanges that will not honor both balances and withdraw all bitcoins from them before the fork. Since some coins are only traded at one exchange, that means that customers who request payouts primarily in coins that are traded on just one exchange may be paid in litecoins during that period.
Everything should return to normal the next day.
Since we expect Bitcoin Cash to be worth more than the small amount of reduced profitability caused by the exchanges that are disabled, we will cease trading at exchanges that will not honor both balances and withdraw all bitcoins from them before the fork. Since some coins are only traded at one exchange, that means that customers who request payouts primarily in coins that are traded on just one exchange may be paid in litecoins during that period.
Everything should return to normal the next day.