As the SegWit2X fork is approaching, we would like to update our customers on the actions we plan to undertake in the nearest future. In our previous statement we announced that, after the chain is divided into two, all our users who will have BTC on their balances at the moment of the fork will receive the new B2X coins. The trading pairs of B2X/BTC and B2X/USD will also appear on the platform.

Temporary Termination of Margin Trading

We believe all our users have to benefit from the future fork and intent to make it technically correct, avoiding any potentially arising issues. That is why we want to draw your attention to the fact that it is not clear what chain will follow the initial rules and which will conform to the new protocol. Besides, considering the concerns about the SegWit2X replay protection, there exists the risk of transactions being reflected on both chains.

This uncertainty about the expected SegWit2X fork has led us to the decision to temporarily stop margin trading on our platform.

Please, note the following information:

  • On November 6, we will disable opening new positions for Bitcoin pairs (BTC/USD, BTC/EUR, ETH/BTC) in margin trading.
  • We kindly request you to close BTC/USD, BTC/EUR, ETH/BTC positions in margin trading no later than November, 9, 23:59:59 UTCThis term was calculated considering block #494,784 at which the fork will take place with an additional time spare of 72 hours.
  • If some positions including the mentioned pairs still remain open, we reserve the right to close them on our own for the safety of your fundings.

We would like to emphasize that it is short-term measure taken to avoid confusion around the split chains. And as soon as the situation with balances and coin splits stabilizes, trading on margin will be available again.

Deposits and Withdrawals

Besides, as announced earlier, we plan to temporarily disable BTC deposits and withdrawals on the platform. It will happen approximately 10 blocks before the fork. And as soon as we ensure that everything is stable, the mentioned operations will be enabled as always.

Concerning the operations involving the new B2X coins, we will provide the opportunity for our users carry them out later. We also have to emphasize it is necessary to be very attentive when making the latter transactions, as various services may refer to the two blockchains in different ways.

In any case, we will keep you updated about any changes. And we guarantee that our team will do their best to ensure that you receive the highest benefits.

Now, take a chance to buy some Bitcoins on CEX.IO and receive the new coin after the fork!