Hong Kong cryptocurrency exchange Bitfinex has added into the listing of so-called Split Chain tokens for the two implementations of the Bitcoin Protocol Cash in whose network the 15 November will probably be a split.
We are introducing new Split Chain Tokens (CSTs) that will allow traders to trade the anticipated Cash Bitcoin tokens resulting from the Cash Bitcoin hard fork implementations “ABC” and “SV” on November 15, 2018.https://t.co/gA3pai4YL8
— Bitfinex (@bitfinex) 13 Nov 2018
So, the tokens under the Ticker BAB [client Bitcoin ABC] and BSV [client Bitcoin SV] will be traded in pairs and bitcoin and the us dollar. Tool Token Manager will allow users to convert their Bitcoin to Cash one of the tokens. This process is reversible, said at Bitfinex. While margin trading tokens will be available.
After the snapshot of the network corresponding coins will be automatically converted into oncein-tokens BAB and BSV, and all the current Bitcoin holders will receive Cash equivalent to the number of coins. However, if at the time of the snapshot, the user will open a short position at BCH, the margin will be cancelled and the borrower, if he will not have enough tokens, will have to cover negative balances up to 31 December.
In Bitfinex also warned that support for the BAB and BSV may be temporary and that as soon as all negative balances will be covered, the exchange may delist, giving limited time for withdrawal.
Earlier, a similar token was added to the Poloniex exchange.
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