Dear OKX users,
In response to the upcoming Super Bitcoin (SBTC) hard fork scheduled at block height 498888 (estimated: December 13, 2017 UTC+8), OKX reaffirms its commitment to supporting technological advancements in the Bitcoin ecosystem while maintaining market neutrality. Below are the operational details regarding SBTC trading and asset handling:
Key Arrangements
- Asset Autonomy
OKX will support withdrawals and trading of all fork-generated assets, empowering users to manage their digital holdings freely. SBTC/F4SBTC Conversion
- Pre-fork BTC→SBTC conversions will temporarily freeze equivalent BTC as "F4SBTC"
- Frozen F4SBTC becomes tradable/withdrawable only post-successful fork
👉 Learn about secure fork asset management
Trading Timeline
- Conversion window: December 7, 2017 (18:00 UTC+8) → Block 498888
- SBTC/BTC trading pairs will be available during this period
Contingency Plans
- Failed fork: F4SBTC redeemable 1:1 for BTC
- Successful fork: 1:1 SBTC airdrop + F4SBTC→BTC conversion
Risk Advisory
- Price Volatility Alert: BTC-denominated pairs (ETH/BTC, LTC/BTC etc.) may experience price discontinuities during fork execution
- Contract Users: SBTC distribution based on account equity snapshot at block 498888
- C2C Accounts: SBTC allocated per available BTC balance snapshot
Deposit/Withdrawal Suspension: Bitcoin network transactions will be paused near fork time until stability returns. We recommend early BTC deposits to ensure trading continuity.
FAQ
Q1: How does OKX ensure fair SBTC distribution?
A: We employ transparent blockchain snapshots and 1:1 asset matching to guarantee equitable allocation.
Q2: Can I trade F4SBTC before the fork completes?
A: No. F4SBTC remains frozen until network confirmation to protect users from uncertain market conditions.
Q3: What happens if the fork creates another stable coin?
A: OKX will distribute additional fork rewards proportionally based on BTC/F4SBTC holdings.
Q4: Why pause BTC transactions during the fork?
A: This prevents potential double-spend issues and ensures accurate asset accounting during blockchain reorganization.
Q5: How does the fork affect margin positions?
A: Contract valuations may adjust automatically to reflect new chain economics post-fork.
OKX prioritizes user asset security throughout technological transitions. Our systems automatically handle complex fork logistics, letting you focus on strategic opportunities. 👉 Explore advanced trading tools
2017-12-07
All times UTC+8