• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Breaking News: Breaking: Bitcoin Breaks Above $24,000 For The First Time In 2023
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Breaks Above $24,000 For The First Time In 2023
Bitmex
Advertisement

Biggest BTC Exchange By Volume to Dump All ‘Bitcoin Cash’ for Bitcoin

Wilma Woo by Wilma Woo
5 years ago
in News, Bitcoin, Bitcoin Exchange, News teaser
0
Advertisement

Hong Kong based Bitcoin Mercantile Exchange (BitMEX) has announced it will automatically sell all its customers’ Bitcoin Cash.


BitMEX Hits Back At Contentious ‘Altcoin’

In a blog post Wednesday, BitMEX, which handles around $1 billion in trades per day, explained it would sell the altcoin due to customers, then credit them with funds gained in Bitcoin.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

“Users will not receive Bitcoin Cash, rather BitMEX will sell all users’ Bitcoin Cash, and credit their wallet with the Bitcoin proceeds,” the post reads.

TL;DR @BitMEXdotcom (which handles $1 billion daily) will be dumping $BCH for $BTC pic.twitter.com/4ebGQAkM7n

— Honey Badger ¯_(ツ)_/¯ (@allenscottoshi) November 15, 2017

The move is a marked contrast to other exchanges, which have either taken a wholly hands-off approach or simply credited users with duplicate balances.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

BitMEX had previously come out as staunchly suspicious of Bitcoin Cash, confirming in a statement it would treat “any and all contentious hard fork tokens as altcoins.”

Hard Forks Fact Of Life (But Not For BitMEX)

“…Months after the fork, it is clear this coin still has value and popular demand, so we have decided to credit Bitcoin at the prevailing Bitcoin Cash price,” the exchange continued.

Do not expect future coins to be credited in this way. BitMEX reserves the right to credit forks or not – in the presence of doubt, always withdraw first.

The admonitory tone from BitMEX comes as Bitcoin Gold receives a shaky debut, with little word from developers who last month announced a further Bitcoin hard fork they dubbed “Bitcoin Silver.”

The likelihood of further contentious forks is a key topic of debate for Bitcoin community consensus, with Twitter personality WhalePanda suggesting more will come in parting comments on the now-defunct SegWit2x last week.

“This is just another attack against Bitcoin, it is a big one this time, but Bitcoin will come out stronger once again if it survives,” he had written.

…After this attack, there will be another one and another one.

What do you think about BitMEX’s handling of Bitcoin Cash? Let us know in the comments below!


Images courtesy of Shutterstock, Twitter

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Wilma Woo

Wilma Woo

Related Posts

Bitcoin Inches Closer To $24K As Fed Bares ‘Disinflationary Process’

Bitcoin Inches Closer To $24K As Fed Bares ‘Disinflationary Process’

2 hours ago
Bitcoin US debt ceiling

Bitcoin Price Can Soar Above $25,000 Due To Debt Ceiling Debacle – Here’s How

6 hours ago
Bitcoin

Bitcoin Spot Volumes Remain Elevated Despite Price Stalling

1 day ago
Tesla

Bitcoin Crash: Tesla Suffers $140 Million BTC Loss, SEC Filing Shows

1 day ago
Bitcoin bull

Is $1 Million Possible For Bitcoin? Here’s What This Analyst Thinks

2 days ago
bitcoin S&P 500 spx btc

Why Tightening Correlation With S&P 500 Could Be Bullish For Bitcoin 

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • The Premier League Welcomes Ethereum and Big Eyes Coin...

    3 hours ago
  • Why $21 Million Strong Presale Big Eyes Coin Is Here To...

    4 hours ago
  • Aave (AAVE) And FTX Token (FTT) Remain Stable, Orbeon...

    8 hours ago
  • Elon Musk Wants McDonald’s to Accept Crypto Payments...

    10 hours ago
  • North Korea Hackers Strike Axie Infinity (AXS) &...

    10 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.