Dear OKEx Users,
Bitcoin Cash (BCH) will undergo a hard fork at UNIX timestamp 1542300000 (equivalent to 00:40 HKT on November 16, 2018). OKEx provides the following clarifications regarding potential impacts on futures trading:
Key Points About BCH Fork and Futures Trading
- Post-Fork Contract Asset:
After the fork, the underlying asset for OKEx BCH futures contracts will be BCH (Bitcoin ABC). BCH Index Composition:
The OKEx BCH index currently includes:- OKEx (BCH/BTC pair)
- Bittrex (BCH/BTC pair)
- Bitfinex (BCH/USD pair)
- Pre-Fork Scenario: If index component exchanges retain BCH trading pairs, the index calculation continues with original BCH pairs.
- Post-Fork Adjustments: If exchanges modify BCH pairs or their BCH pairs no longer represent BCH (Bitcoin ABC), OKEx may adjust the index components to ensure alignment with Bitcoin ABC's market price. Advance notices will detail any changes.
- Market Volatility Warning:
Pre- and post-fork price volatility may occur due to factors like ex-rights adjustments. Users are advised to implement risk management strategies. - Snapshot & Forked Asset Distribution:
Details regarding the BCH fork snapshot and distribution of forked assets will be announced separately. Stay tuned to 👉 OKEx Official Announcements.
FAQs
Q1: Which BCH chain will OKEx futures track after the fork?
A: Contracts will track BCH (Bitcoin ABC).
Q2: How does OKEx handle index discrepancies during the fork?
A: OKEx may reconfigure the index components to maintain accuracy, with prior user notification.
Q3: Should I adjust my BCH futures positions before the fork?
A: Monitor market conditions and consider hedging or reducing exposure to mitigate fork-related risks.
The above content reflects OKEx's operational policies at the time of writing. For real-time updates, visit 👉 OKEx Help Center.