Binance Distributes BCHABC and BCHSV to Eligible Platform Users

Binance Distributes BCHABC and BCHSV to Eligible Platform Users

Binance released a statement notifying users it has finished dispersing the coins for Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV); trading opens

The ratio of the dispersion is 1 BCC (Bitcoin Cash):1 BCH ABC. And 1 BCC:1 BCHSV. Binance based this on a snapshot of each BCC balances from 15 November 2018 at 4:40 PM (UTC).

Bitcoin Cash’s BCC Ticker?

Bitcoin Cash trades on various cryptocurrency exchanges such as Bitstamp, Coinbase, Gemini, Kraken, and ShapeShift using the Name Bitcoin Cash and the BCH ticker. A few other exchanges, including Binance, started using the BCC ticker, though BCC is the known ticker symbol used by Bitconnect.

Schedule for Trading and Binance Fees

Today at 8:00 AM (UTC), pairs for BCHABC/BTC, BCHABC/USDT and BCHSV/BTC, BCHSV/USDT will be ready for trading. But withdrawals and deposits for BCHABC and BCHSV are yet to be initiated after the exchange considers the wallets and the newly upgraded Bitcoin Cash platform to be stable.

The minimum Binance withdrawal amount for both coins is 0.02 with a corresponding fee of 0.01BCHABC for BCHABC withdrawal and 0.01 BCHSV for BCHSV withdrawal.

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