OKCoin to support both coins and Bixin sticks to “one bitcoin only”

[hl5460]

The recent downfall of Bitcoin price was attributed to the potential split or hardfork of Bitcoin, as reported by some mainstream financial media like 36kr  and Sina in China. Aside from the lobbying of mining pools, support of exchanges is of critical importance. Although ETC was first traded on Bitsquare, Poloniex was actually the one that resurrects Ethereum Classic with abundant liquidity in the Ethereum hardfork 2016.
So far BTCC and Yunbi have released formal statement regarding the potential fork of Bitcoin network. OKCoin will support both coins if there is a split. Huobi is still studying the situation.
Bixin, aka haobtc,  will stick to the “one bitcoin only” policy and always follow the longest blockchain with 90% hashrate.

http://news.8btc.com/okcoin-to-support-both-coins-and-bixin-sticks-to-one-bitcoin-only

[NorrisK]

Even one big exchange supporting both coins will lead to the same situation as with ethereum and classic. Chaos and profit taking around the board. Traders will love it because it is very likely that the sum of both coins will be bigger than the value of the original coins.

I'm not a fan of this, but I guess the exchanges dominate what happens in the end. I see no way to get around this in case a fork does occcur.

[hl5460]

Even one big exchange supporting both coins will lead to the same situation as with ethereum and classic. Chaos and profit taking around the board. Traders will love it because it is very likely that the sum of both coins will be bigger than the value of the original coins.

I'm not a fan of this, but I guess the exchanges dominate what happens in the end. I see no way to get around this in case a fork does occcur.

Bitcoin might not fork like ethereum.

[JanpriX]

The recent downfall of Bitcoin price was attributed to the potential split or hardfork of Bitcoin, as reported by some mainstream financial media like 36kr  and Sina in China. Aside from the lobbying of mining pools, support of exchanges is of critical importance. Although ETC was first traded on Bitsquare, Poloniex was actually the one that resurrects Ethereum Classic with abundant liquidity in the Ethereum hardfork 2016.
So far BTCC and Yunbi have released formal statement regarding the potential fork of Bitcoin network. OKCoin will support both coins if there is a split. Huobi is still studying the situation.
Bixin, aka haobtc,  will stick to the “one bitcoin only” policy and always follow the longest blockchain with 90% hashrate.

http://news.8btc.com/okcoin-to-support-both-coins-and-bixin-sticks-to-one-bitcoin-only

This is just an additional information. I got a notification from Bitfinex that they are having a test run (though test run is not the word that they used) in their exchange to have BTC and BTU, as a contingency plan if BTC will be going for a hard fork. I logged in to my account and already saw that some of the people there are already trading those, I must say, "tokens". On the other hand, I emailed the devs of "Bitcoin Wallet" (an android wallet app) and asked about their plans if there will be any hard fork and this is their answer:

Bitcoin Wallet always follows the chain with the most "proof of work"
(aka "the longest chain"). What happens to your coins depends on the
specific rules of the fork.

[LeChatNoir]

What about futures contracts at okcoin?
How will they settle in a coin split event?

[andrei56]

The recent downfall of Bitcoin price was attributed to the potential split or hardfork of Bitcoin, as reported by some mainstream financial media like 36kr  and Sina in China. Aside from the lobbying of mining pools, support of exchanges is of critical importance. Although ETC was first traded on Bitsquare, Poloniex was actually the one that resurrects Ethereum Classic with abundant liquidity in the Ethereum hardfork 2016.
So far BTCC and Yunbi have released formal statement regarding the potential fork of Bitcoin network. OKCoin will support both coins if there is a split. Huobi is still studying the situation.
Bixin, aka haobtc,  will stick to the “one bitcoin only” policy and always follow the longest blockchain with 90% hashrate.

http://news.8btc.com/okcoin-to-support-both-coins-and-bixin-sticks-to-one-bitcoin-only

It seems the exchanges are preparing for the possibility the fork is not a rumor and instead  they treat it as almost a certainty, even if it does not happen I like the fact they are being cautious about it.

[hl5460]

What about futures contracts at okcoin?
How will they settle in a coin split event?

Uncertain about the futures contract, might be against the regulations.

[pooya87]

the fork is not going to happen and even if it does it is highly unlikely to see two chains. and in case it happened all the exchanges will list both of them and any of them who says otherwise is full of it because they look for money and having another market means more money for them, nobody hates that.