Potential Changes to BitMEX Bitcoin Cash Products and Indices due to Bitcoin Cash Hard Fork on 15 Nov 2020

Bitcoin Cash is expected to undergo a hard fork on 15 November 2020. There are two competing hard fork proposals, with the associated clients being Bitcoin ABC and Bitcoin Cash Node. Therefore, users holding BCH prior to the hard fork could end up with coins on both sides of the split due to a chainsplit.

Products Affected

BCHUSD Perpetual Contract and BCHZ20 Futures Contract

Indices Affected

.BBCH and .BBCHXBT

Impact on BitMEX Indices

The BitMEX .BBCH and .BBCHXBT Indices are currently using the following constituent exchanges and weights:

Index

Binance

Bitstamp

Coinbase

Huobi

Kraken

OKEx

.BBCH

 

18.25%

64.83%

 

16.92%

 

.BBCHXBT

37.80%

 

4.91%

23.79%

 

33.50%

These products and indices will follow one side of the fork only and we aim to keep markets open when the fork occurs. Product and index names will remain unchanged. Please monitor the BitMEX (blog, trading announcements, telegram) for the most up to date information.

We will be closely following developments relating to the chainsplit and the constituent prices that may become available after the chainsplit and intend to announce which fork the affected BitMEX products and indices will follow as soon as is reasonably possible. Please note that it may be necessary to make this announcement as late as 15 November 2020. Markets may be more volatile than usual in such a scenario and traders should manage their risk and leverage accordingly.

BitMEX Research has sponsored a website, ForkMonitor.info, to assist stakeholders monitoring events on the day of the expected split.

Please contact Support if you have any questions.