Bitcoin Cash Hard Fork on November 15, 2020
Update (11/20/2020 18:15 UTC) We are planning to open BCHN deposits. We currently are not crediting accounts with BCHA.
On November 15, 2020 at 12:00 UTC a network upgrade to Bitcoin Cash (BCH) is expected, which may result in a hard fork and a split of the BCH network into two chains: Bitcoin Cash Node (BCHN) and Bitcoin Cash ABC (BCHA).
CrossTower intends to freeze BCH deposits and withdrawals on November 15, 2020 10:00 AM UTC. To ensure your assets are not affected by the fork, CrossTower will snapshot users’ account balances prior to the fork occurring. BCH deposits and withdrawals will remain suspended until CrossTower determines there is adequate network stability. Going forward, CrossTower will continue to support BCHN on the CrossTower platform.
Support of Bitcoin Cash ABC is completely up to the discretion of CrossTower. Users are not guaranteed any access to or trading ability related Bitcoin Cash ABC.
BCHN withdrawals will remain frozen until CrossTower determines, in its sole discretion, there is network stabilization following the hard fork. If you are concerned about maintaining access to your private keys, you can withdraw BCH to a personally controlled wallet before November 15, 2020 10:00 AM UTC.
CrossTower Inc. provides this content for general information purposes, to better inform you on your digital asset investment journey. We do not provide investment recommendations or provide tax advice. Please consult your investment professional or tax advisor if you require assistance in these areas.