HomeExchangeBitMEX Exchange Joins SegWit2x Opposition, Confirms Zero Support

BitMEX Exchange Joins SegWit2x Opposition, Confirms Zero Support

-

Mexican Bitcoin exchange BitMEX has said it will not support SegWit2x “even if the SegWit2x chain has the majority hashrate.”

In comments markedly different to this week’s other notice from Xapo on the forthcoming hard fork, BitMEX confirmed it would not deal in rival Bitcoin chains under any circumstances.

This, it says, is because SegWit2x “does not include two-way transaction replay protection, enabled by default.”

“Therefore BitMEX will not be able to support SegWit2x,” the announcement states.

“As such, BitMEX will not support the distribution of B2X, nor will BitMEX be liable for any B2X sent to us.”

The exchange requests customers looking to receive 2x coins to withdraw their Bitcoin holdings from their accounts prior to the network snapshot in November.

What about other hard forks

Like others’ announcements, no explicit reference was made to the other hard fork due next month, namely Bitcoin Gold, BitMEX saying its position applied to “any and all potential hardforks.”

“BitMEX considers any and all contentious hardfork tokens as altcoins. The .BXBT and .BXBTJPY indices will remain unchanged and will not include B2X,” the announcement concludes.

Anti-SegWit2x camp

As SegWit2x continues to cause rifts throughout the cryptocurrency industry, anti-SegWit2x commentators reacted favorably to BitMEX’s decision.

WhalePanda, a Twitter personality famous for his frequent opinions on cryptocurrency news and events, even endorsed the exchange, publishing a referral link for users to sign up.

In more troubling news for the 2x camp, it proportion of miner support has fallen below 80 percent in the last 24 hours – its own designated minimum activation threshold.

Data confirming the downturn came from statistics service Coin Dance, uploaded to Twitter by cryptocurrency investor and entrepreneur Alistair Milne.

LATEST POSTS

Cyprus registers Binance as a cryptocurrency service provider.

Binance, a cryptocurrency exchange, will be able to provide services for virtual currencies in Cyprus as a result of the platform's recent registration with the...

More than 24,000 ATMs in Brazil will offer USDT through Tether and Smartpay.

Usdt, the largest dollar-pegged stablecoin on the market, was created by Tether, a company. Tether recently announced that more than 24,000 ATMs in Brazil will...

To solve the blockchain modularity issue, Celestia raises $55 million.

The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced the completion of its most recent funding...

Hong Kong considers removing the “Professional Investor-Only Requirement” and allowing retail investors to trade cryptocurrency.

Securities and Futures Commission (SFC) of Hong Kong's director of licensing and head of the fintech division both confirmed that the regulator is taking into...

Follow us

13,033FansLike
3,912FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img