FXCHOICE PREPARING FOR BITCOIN FORK
We are writing to inform you that there will be a new hard fork in the Bitcoin network in the days to come. This certainly is not the first fork, but it is a unique one, as it is not only the biggest, but also the most contradictory in the bitcoin community, and possibly, among all crypto-currencies.
This fork will result in appearance of several currencies, although their future is uncertain. Exchanges, mining pools and investors express their support or opposition to any of the chains that is about to appear, but these positions change on a daily basis.
Therefore, no one can predict if there will be a price spike in BTCUSD rate, or if it will be possible to convert Bitcoins. Neither can we foresee the perspective of the network’s development. All that remains for us to do at this stage is to wait and closely follow the news to have a better understanding of what rules the bitcoin community will live by.
Since we highly appreciate our customers and protect their assets, and taking into account all the risks associated with Bitcoin in the coming days, we are forced to suspend trading BTCUSD as a temporary measure.
Therefore, we have three significant announcements to make:
We will have a temporary suspension on BTCUSD trading starting from 8th November. This means that one cannot place new BTCUSD trades starting from 8th November. From that day on, all open trades on BTCUSD will be “Close only”.
All open BTCUSD trades must be closed until 10th November. If you have open positions on BTCUSD, we highly recommend you close them. The trades that are left open will be closed automatically on 10th November at the end of the trading day.
Bitcoin-related internal transfers will be temporarily suspended on 8th November. If you want to transfer your Bitcoins to any other currency (or vice-versa) from within your Backoffice profile, please transfer the funds before 8th November.
Should you have any questions, please do not hesitate to Contact Us.
Best wishes and happy trading!
The FXChoice Team