is bitcoincash supported by all?


SUBMITTED BY: pinnacleseth

DATE: July 31, 2017, 6:28 p.m.

FORMAT: Text only

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  1. Bitcoin exchanges are divided on whether or not to support Bitcoin Cash. Several exchanges, such as BitMEX, Bitstamp and Coinbase, have said they will not support or allow trading of Bitcoin Cash on their exchanges, which means investors holding bitcoins on these sites will not receive any new tokens.
  2. Some exchanges are also suspending bitcoin trading, withdrawal and deposits around the time of the fork. Hayter advises bitcoin investors to check for any statements issued by their exchange to find out whether or not they will receive the new token.
  3. Bitcoin Cash may gain more support once it launches, according to Garrick Hileman, research fellow at the Cambridge Centre for Alternative Finance.
  4. "Because millions of bitcoin users will automatically own Bitcoin Cash, and because a sizable number of wallets and exchanges (including some of the largest) have announced support for Bitcoin Cash, it is likely to live on for the foreseeable future," he told CNBC via email.
  5. "Bitcoin Cash could be significant but we won't know more until after it launches. If it fails to sustain support then it could fade away."

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