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Binance Decided to Update BCHABC’s charge to BCH

Binance Decided to Update BCHABC's charge to BCH

  • Binance has decided to BCHABC’s charge to BCH as per the schedule.
  • The decision of doing so was because of the feedback given by the Binance community.
  • All BCHABC holders are advised to change their BCHABC to BCH in the given time slot to avoid any future problems.

According to a post on Binance’s official blog, the Multination cryptocurrency trading company has decided to transfer the charge currently on BCHABC to BCH which will be effective very soon in the upcoming days.

The decisions regarding this transfer of charge from BCHABC to BCH are decided on the bases of feedback provided to the Binance support team by the community of Binance.

This step shows that Binance takes every opinion given by the users very seriously and respects their opinion.

Timeline for up-gradation of the ticker of BCHABC to BCH

According to the schedule provided by the officials of Binance, the process of up-gradation will start from November 28, 2019, at 2:00 A.M. onwards.

At this given time all sorts of depositing, withdrawing and trading activities in the BCHABC/BTC, BCHABC/USDT, BCHABC/PAX, BCHABC/BUSD, BCHABC/TUSD will be closed.

In return of that Binance will be providing BCH balance based on the details provided through a snapshot of their BCHABC balance on November 28, 2019, at 4:00 A.M. (UTC) according to the scale of 1 BCHABC = 1 BCH.

After sorting that out Binance has planned to open trading in BCH/BTC, BCH/PAX, BCH/USDC, BCH/TUSD, BCH/USDT and BCH/BUSD from November 28, 2019, at 10:00 A.M. (UTC) onwards.

All BCHABC holders are advised to change their BCHABC to BCH in the given time slot to avoid any future problems.

About Anurag Agarwal

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Anurag Agarwal is a writer for Thecoinrepublic. He is pursuant of B.tech in biotechnology from M.I.E.T Meerut, who's passion is to read and express through the medium of words. He is contributing the regular in-depth analysis of News and updates.

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