The massive cryptocurrency exchange Binance is finally updating the currency code for Bitcoin Cash, following the timeline below:
- Deposits, withdrawals, account transfers of BCHABC and also trading in the BCHABC/BTC, BCHABC/USDT, BCHABC/USDC, BCHABC/TUSD, BCHABC/PAX, BCHABC/BUSD trading pairs will be suspended at 2019/11/28 02:00 AM (UTC). All open orders in these trading pairs will be canceled.
- Binance will credit all users with BCH based on a snapshot of their BCHABC balances at 2019/11/28 04:00 AM (UTC) at a ratio of 1 BCHABC = 1 BCH.
- Binance will then open trading for BCH/BTC, BCH/BNB, BCH/USDT, BCH/USDC, BCH/TUSD, BCH/PAX and BCH/BUSD at 2019/11/28 10:00 AM (UTC), while at the same time removing all previous BCHABC trading pairs.
Learn more about the history of Binance and Bitcoin Cash in the video below.
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