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Antshares/NEO Exchanges Advise Caution as Scaling Proposals Collide

With a major inflection point for bitcoin just days away, some users are beginning to wonder about the safety of their holdings on major exchanges.

At issue is that several scaling proposals are set to come to a head on or around August 1, and depending on which end up gaining support, there is a risk that bitcoin could split into two competing currencies running on two different blockchains.

In the face of this concern, and the painful lessons learned from past blockchain forks, some exchanges are stepping up to make users aware of possible issues and how they can protect their assets.

Below, we're keeping a running list of major exchanges and their remarks.

Bitfinex

One of the world's largest cryptocurrency exchanges, Bitfinex has yet to issue a blog post on the topic. However, we have some clues to their potential views, because Bitfinex was part of an exchange coalition which sought to address a split in March.

At the time, Bitfinex said it would refrain from halting its operations, and provided context on how it would name each coin.

The firm has not responded to requests for comment as to whether its policy has since changed on the issue.

bitFlyer

At press time, bitFlyer has yet to issue an update on its strategy.

The Japanese exchange was one of the signers of the Segwit2x proposal on May 23.

Bithumb

One of South Korea's largest exchanges, and the victim of a recent hack, Bithumb has yet to issue guidance.

BTCC

China's oldest bitcoin exchange, BTCC is putting its full support behind Segwit2x.

Actively testing the code, the exchange said it's upgrading its exchanges and pool wallets to the new software. It expects to have upgrades complete by July 21, and it will continue signaling support.

"We hope that the community will reach consensus around this implementation of the bitcoin software," the post continued.

Should the network s...

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