BCC fork officially landed, major Japanese Bitcoin exchanges began to embrace this new currency

With the official launch of the Bitcoin Cash (BCC, BCH) block, major Japanese Bitcoin exchanges are stepping up efforts to distribute this new cryptocurrency to their customers. More and more exchanges have announced dates to start trading the new coin, while others are in the planning stages.

On the evening of August 1, after the Bitcoin blockchain hard forked, all major Bitcoin exchanges in Japan announced that they would soon distribute the new currency BCC to their customers. At the moment of the fork, all customers holding Bitcoin will have an extra BCC in their accounts, and the amount is equal to the BTC they hold.

At the same time, these exchanges have suspended Bitcoin deposits and withdrawals during the fork, and some exchanges are preparing to launch trading of the new coin, BCC, in the coming days. Below is a summary of announcements from all Japanese Bitcoin exchanges that have updated their BCC plans.

Japanese Bitcoin Exchange Plans to Launch BCC Trading

Bitbank.cc

Bitbank.cc is one of the first Japanese exchanges to announce support for BCC trading. The exchange is expected to start trading BCC on August 3. Currently, the platform's Bitcoin deposit and withdrawal services are suspended and are expected to resume on August 2.

Bittrade

Bittrade plans to allow BCC withdrawals and trading, and the exchange will release an announcement on August 3. Meanwhile, the exchange’s Bitcoin deposits and withdrawals were suspended at 3 p.m. on July 31 and are expected to resume on August 2.

Bitflyer

Previously, Bitflyer had been keeping a wait-and-see attitude towards BCC. However, on July 31, the exchange announced that it recognized BCC as a permanent chain and quickly launched a BCC campaign to promote its business. It is reported that users who deposit at least 1 Bitcoin in their account on the exchange between 21:20 on July 31 and 21:19 on August 1, Japan time, will have the opportunity to receive a 1,000 yen reward, with a total of 100 reward places. In addition, the exchange also announced that BCC trading services will be launched soon.

Bitpoint

Bitpoint plans to open BCC spot trading in mid-August. The exchange has also suspended Bitcoin deposit and withdrawal services and plans to resume at 16:00 on August 2, Japan time, when BCC deposits and withdrawals will also be opened.

Btcbox

Btcbox was originally scheduled to open BCC trading at 22:00 on August 1, Japan time. However, the exchange postponed the launch time, noting that the length of time for BCC block generation is currently uncertain. The exchange's Bitcoin deposit and withdrawal operations will resume after 20:00 on August 1, Japan time. As of press time, the exchange's BCC has not yet started trading.

Japanese exchanges have not yet explicitly supported BCC trading

Coincheck

On August 1, Coincheck updated its policy on BCC, noting that the exchange would distribute BCC to customers after confirming that "replay attack prevention measures are in place." The exchange suspended Bitcoin deposits and withdrawals on July 31. Deposits were resumed on August 1, but withdrawals are still suspended.

Fisco

Fisco has announced plans for deposits and withdrawals for this fork, but as to whether BCC trading will be available, the exchange noted:

"We will make a judgment after verifying the situation."

GMO-Z Coin

GMO-Z Coin announced on Tuesday that the announcement of BCC trading will be made later, and the exchange is currently allocating BCC to its customers. Once customers log in and see the new coin in their account, they will be able to withdraw the coins, the company detailed.

Quoine

Quoine announced that their customers will be able to withdraw the new coin BCC. However, regarding whether BCC will be available for trading, the exchange added

“We may offer BCC to fiat and BCC to BTC trading pairs at a later date.”

Zaif

Japan Tech Bureau’s Zaif exchange suspended Bitcoin deposits and withdrawals on August 1 and has not yet announced when these services will be restored. The company said, “In general, you can buy and sell the coin after the fork,” adding that more details about BCC transactions will be released after the situation is verified.

What do you think of the policy released by Japanese Bitcoin exchanges regarding BCC?