Poloniex to Offer Bitcoin Cash Pre Hard Fork Trading

Company says it stays neutral and wants allow the community to decide which chain to support
08 November 2018   379

Poloniex Cryptocurrency Exchange is the first trading platform that will provide its customers with access to the coin trading of the upcoming hard fork of Bitcoin Cash. This is reproted in the official blog.

Starting on Thursday, users can "trade two tokens at the center of the debate about the pending Bitcoin Cash (BCH) hard fork: Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV)".

We believe the responsible thing to do in this case is remain neutral and allow the community to decide which chain to support, and we want to empower the community to demonstrate their support through trading activity. This is the first time we are offering pre-fork trading and it is part of a broader effort to make Poloniex one of the most innovative exchanges in the world. Going forward, we will evaluate each hard fork individually and decide whether to support the fork or to offer pre-fork trading.

Poloniex Team

In preparation for the hard fork, the exchange has already launched the following trading pairs: BCHSV / USDC, BCHABC / USDC, BCHSV / BTC and BCHABC / BTC. Clients can also exchange BCH for BCHABC and BCHSV and vice versa, but cannot withdraw forks until they are executed.

The company emphasizes that it seeks to maintain neutrality during the fork, so that the community itself can decide which blockchain should become the main one. Poloniex will evaluate each blockchain separately to decide whether it should open a market to trade its coins or continue trading in futures mode.

Exchange reported earlier on its intention to support both possible chains of upcoming Bitcoin Cash hardfork. Bitcoin Cash hardfork is scheduled for November 15th.

ICORating to Update Exchange Security Report

Experts evaluated many parameters including user account security
18 January 2019   104

ICORating analysts have estimated the security level of 135 cryptocurrency trading platforms with a daily volume of more than $ 100,000. Kraken and Cobinhood ranked first and second, respectively, receiving a rating of A. Three of the leaders were closed by the Poloniex exchange with an A- rating.

Note that the experts investigated the following key aspects: user account security, domain security, DoS attack resistance and web security.

It is noteworthy that only 16% of the world's largest stock exchanges were rated A and A-, and none of them won A +.

Coinbase Pro ranked ninth, Binance 34th, and Gemini 84th.

Recall that at the beginning of this week, information appeared about hacking into the New Zealand trading platform Cryptopia.[