Cryptocurrency exchange Binance stated that it will support the upcoming hardwork Bitcoin Cash, which is scheduled for November 15. This was reported in the company blog.
Binance will make all the BCH-balances 15 November at 16:40 UTC. On the same day, from 15:00, the exchange will suspend accepting deposits and withdrawals in Bitcoin Cash.
After the picture is taken, Binance separately inform users regarding the timing of the resumption of access to deposits and withdrawals for Bitcoin Cash.
About support for the upcoming hard forks also said Coinbase and OKEx.
Here’s what you can expect before the BCH system upgrade later this month https://t.co/32khx5h9cg
— Coinbase Support (@CoinbaseSupport) November 3, 2018
We will support the Hard Fork of Bitcoin Cash (BCH). Withdrawal & Depositing of BCH will be suspended from 12:00 Nov 15, 2018 (CET) until further notice.https://t.co/j19UrGjrta
Click here to find more previous announcements: https://t.co/4cvGjbYaIN pic.twitter.com/fggaopotA8
— OKEx (@OKEx) November 2, 2018
Against the background of these news course BCH for the last three days increased by about 30%. Throughout the week, the cryptocurrency was trading at $420, and after the publication of statements Binance and OKEx its quotes jumped to $584,4 as of 4 November.
Then the rate slightly decreased and at the time of publication of news was $553,29.
Weekly statistics on Bitcoin Cash, source: CoinMarketCap
Recall that the previous hardwork of Bitcoin Cash held in may. In this update, the maximum block size was increased to 32 MB.