The Hong Kong crypto exchange Bitfinex lists the so-called Chain Split tokens for the two implementations of the Bitcoin Cash protocol, in whose network there will likely be a split on November 15.
We are introducing new Chain Split Tokens (CSTs) that will allow traders to trade the anticipated Bitcoin Cash tokens resulting from the Bitcoin Cash hard fork implementations "ABC" and "SV" on November 15, 2018.https://t.co/gA3pai4YL8
— Bitfinex (@bitfinex) November 13, 2018
So, BAB (Bitcoin ABC client) and BSV (Bitcoin SV client) tokens will be traded in pairs with Bitcoin and U.S. dollars. The Token Manager tool will allow users to convert their Bitcoin Cash into one of the tokens. This process is reversible, Bitfinex emphasized. At the same time, marginal trade in tokens will be unavailable.
After a snapshot of the network, the corresponding coins will be automatically converted into BAB and BSV onchain tokens, and all current Bitcoin Cash holders will receive an equivalent amount of coins. However, if the user has a short BCH position at the time of the snapshot, the margin will be canceled, and the borrower, if he doesn't have enough tokens, will have to cover the balance sheets until December 31.
Bitfinex also warned that support for BAB and BSV could be temporary and that as soon as all balances were covered, the exchange could delist, allowing limited time for withdrawal.
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