Saturday , August 20 2022

Bitfinex opened markets before Bitofin Cash bifurcation | CriptoNevs



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New tranquil tokens can be traded against US Dollar and Battle (BTC) as BAB / USD, BAB / BTC, BSV / USD and BSV / BTC, according to Bitfinek, who emphasized that the CST would "ensure continuity of prices" during bifurcation.

thereafter hardfork, scheduled for Thursday, CST will automatically convert to chain tokens after the event. We will use the symbol "BAB" for Bitcoin Cash ABC and the symbol "BSV" for Bitcoin Cash SV, the company said.

Intent of crypto-market

CSTs provide the opportunity to measure the intent of the crypto market by maintaining the price after the villa on Thursday. Bitfinek also reported that it will keep its balance sheet and Bitcoin Cash balance data.

From this point of view, the exchange house emphasized that "BCH balances will be entered into BAB and BSV, each person having a short position in the BCH during bifurcation will have BAB and BSV in their accounts. If the account does not have enough BAB and BSV, these users will have a negative balance between BAB and BSV Anyone who has a long BCH position during the event will have BAB and BSV credit to their account In other words, Extraordinary positions (including margin positions) will be "recovered" and converted into currency balances. ".

Bitfinek CSTs are also used in the past. In March 2017, the company was in front of a bit of bifurcation that later led to Bitcoin Cash. On this occasion, improvements were made in the process of visualizing the visualization of CST marketing.

The announcement of Bitfinek arrives for 5 days after a similar measure by Poloniek. US replacement houses offer users the option of purchasing Bitcoin ABC Tokens (BCHABC) and Bitcoin Cash SV (BCHSV). In fact, on this platform, the commercialization of Bitcoin Cash ABC exceeded 7 to 1 at the SV with a price of $ 470 and $ 65, respectively.

Featured image CascadeCreatives / stock.adobe.com

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