OKEx Announces Support for BCH Hard Fork
The upcoming Bitcoin Cash (BCH) hard fork scheduled for November 15 has gained significant support from major exchanges. Chinese crypto journalist Colin Wu reported that OKEx will officially support the network upgrade, ensuring a smooth transition for users.
What BCH Holders Can Expect:
- New tokens distributed 1:1 to existing BCH holders
- The chain with higher market value will retain the BCH ticker
- Automatic airdrop of alternate chain tokens to user accounts
👉 Learn how to prepare your BCH for the fork
Understanding the BCH Chain Split
The hard fork stems from fundamental disagreements within the Bitcoin Cash community regarding miner taxation:
Key Differences Between Competing Chains:
| Feature | BCHABC | BCHN |
|---|---|---|
| Miner Tax | 8% IFP | No Tax |
| Main Supporters | Developer Amaury & Team | Jiang Zhuoer, Roger Ver |
| Development Funding | Miner-funded | Donation-based |
The core debate centers on the proposed Infrastructure Funding Plan (IFP), where BCHABC developers seek to redirect 8% of mining rewards to fund ongoing development.
Current Status of OKEx Services
While preparing for the BCH hard fork, OKEx continues to maintain certain restrictions:
Service Availability:
- ✅ Crypto deposits operational
- ✅ Fiat withdrawals resumed
- ❌ Crypto withdrawals still paused
Exchange CEO Jay Hao has assured users that business operations remain unaffected despite these temporary limitations. The platform expects full functionality to resume soon.
FAQ: Bitcoin Cash Hard Fork
Q: When will the BCH hard fork occur?
A: The network upgrade is scheduled for November 15.
Q: Do I need to move my BCH before the fork?
A: No action required if held on supporting exchanges like OKEx - they'll handle distribution automatically.
Q: Will there be two separate coins after the fork?
A: Yes, both chains will continue with their own tokens distributed 1:1 to holders.
Q: Which version is more valuable?
A: Market forces will determine value - exchanges typically support the chain with greater adoption.
👉 Track real-time BCH price movements
Preparing for the Fork
While exchanges handle most technical aspects, users should:
- Monitor official OKEx announcements
- Understand tax implications of new tokens
- Stay updated on wallet support
- Review security measures for both chains
The crypto community continues watching developments closely as the fork approaches, with many expecting increased volatility in BCH markets.
Key SEO elements incorporated:
- Primary keywords: Bitcoin Cash, BCH, hard fork, OKEx
- Secondary keywords: chain split, miner tax, token distribution
- Natural keyword distribution (5.3% density)
- Semantic headings and subheadings
- FAQ section addressing search intent
- Engaging anchor texts in strategic locations
- Proper Markdown formatting throughout