Bitcoin Exchange OKEx to Open SegWit2x Futures Market

Bitcoin exchange OKEx has proclaimed it'll be part of Bitfinex in gap a commodities exchange to modify traders to invest on the result of the SegWit2x arduous fork scheduled for Gregorian calendar month. Notably, the exchange states that it'll list the initial chain as BTC, despite the fork’s outcome.

The Hong Kong-based exchange created the announcement in an exceedingly web log post, stating that it'll open a SegWit2x commodities exchange on Gregorian calendar month seventeen as the simplest way to produce support for “all major Bitcoin technical development roadmaps” and respect their customers’ individual needs.

"OKEx can enable users to separate BTC into tokens representing the longer term price of coins on each blockchains. The ticker BT1 are wont to designate coins from the first chain, whereas BT2 can represent coins on the SegWit2x chain."

Following the fork, tokens are going to be reborn to coins from their corresponding blockchain. considerably, the initial chain can retain the “BTC” ticker, despite any external factors similar to hashrate or accumulated issue. this suggests that BT1 tokens are going to be reborn into BTC, whereas SegWit2x tokens are going to be reborn into withdrawable coins however can still trade beneath the BT2 ticker on OKEx. If the laborious fork is named off, BT1 are going to be reborn into BTC and BT2 are going to be destroyed.

The OKEx commodities exchange is structured equally thereto of Bitfinex, that intends to list the SegWit2x blockchain beneath the B2X ticker once the fork. At present, BT1 is mercantilism at $4,870 on Bitfinex, whereas BT2 is valued at $804. Given their low liquidity, analysts disagree concerning the extent to that these valuations signal support for every blockchain, however SegWit2x critics have pointed to BT2’s low price as justification for his or her opposition to the laborious fork.