Bitcoin Fork SegWit2x: eToro Draws Battle Lines While OKEx Could Service China
Chinese markets could get SegWit2x trading access while eToro in the UK reacts cautiously to hard forks.
The Bitcoin industry continues to take different approaches to SegWit2x as eToro and OKEx issue their positions on the Bitcoin hard fork.
In statements over the past week eToro became one of the more skeptical exchange platforms, opting for limited SegWit2x support and shunning the Bitcoin Gold fork altogether.
“...In the case of the upcoming Bitcoin2X fork, there is no Replay Protection, which may lead to transaction errors and double spending,” a dedicated blog post reads.
eToro added it would continue applying the BTC ticker to the Bitcoin Core chain, unlike others such as Xapo, which has stated BTC could signify the SegWit2x chain should the latter receive adequate support.
Conservative standpoints like eToro’s have seen support from community commentators, with popular commentator WhalePanda even endorsing companies treating SegWit2x as an altcoin.
OKEx meanwhile has taken a more inclusive stance. Coming at a time when a major p2p trading offer is about to launch, rumors say Monday, the exchange’s support for the 2x chain could affect the huge domestic Chinese market.
“...As a company dedicated to promote Bitcoin application, we strive to provide the best services to our customers. Therefore, we will support all major Bitcoin technical development roadmaps and respect our customers’ individual desire,” OKEx wrote in its corresponding announcement.
“The [...] token supporting Segwit2x will be named as BT2, the token derived from the original chain will be named as BT1. If the hardfork occurs then BT1 will be renamed as BTC.”