Binance cryptocurrency exchange said it would support the upcoming hardfork Bitcoin Cash, which is scheduled for November 15. This is reported in the company's blog .
Binance will take a snapshot of all BCH balances on November 15 at 4:40 pm UTC. On the same day, starting at 15:00, the exchange will stop accepting deposits and withdrawing funds to Bitcoin Cash .
After the snapshot is taken, Binance will separately inform users about the timing of renewing access to deposits and withdrawing funds for Bitcoin Cash.
On the support of the upcoming hard forks also said Coinbase and OKEx.
Here you can upgrade 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
Previous announcements: https://t.co/4cvGjbYaIN pic.twitter.com/fggaopotA8
– OKEx (@OKEx) November 2, 2018
Against the background of this news, the BCH rate has grown by about 30% over the past three days. Throughout the week, the cryptocurrency was trading at $ 420, and after the publication of the Binance and OKEx statements, its quotes jumped to $ 584.4 as of November 4.
Then the course fell slightly and at the time of publication of the news was $ 554.
Recall that the previous hardfork in the Bitcoin Cash network took place in May. As a result of this update, the maximum block size has been increased to 32 MB.
