The cryptocurrency market saw significant movement on November 20, 2025, as multiple leading exchanges responded to the highly anticipated Bitcoin Cash (BCH) network split. The hard fork resulted in two distinct blockchains: Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV). In the wake of this development, platforms including Gate.io, CoinMex, DFEX, and Bithumb moved swiftly to support the new assets, offering trading, deposits, and withdrawals—marking a pivotal moment for digital asset infrastructure during blockchain splits.
This article explores how major exchanges adapted to the fork, the implications for users, and the broader context of exchange responsiveness during network upgrades.
Understanding the Bitcoin Cash Fork: BCHABC vs. BCHSV
The Bitcoin Cash hard fork was one of the most contentious events in recent crypto history. Disagreements within the development community led to a split between supporters of Bitcoin Cash ABC, backed by the original BCH developers, and Bitcoin Cash SV, championed by Craig Wright and Calvin Ayre’s nChain group, aiming to restore what they believe is the original Bitcoin protocol vision.
As a result:
- BCHABC retained the evolutionary upgrades introduced post-fork.
- BCHSV focused on massive block sizes and protocol stability.
Exchanges played a crucial role in determining user access to both chains, especially through snapshot mechanisms and 1:1 airdrops.
👉 Discover how top platforms manage blockchain forks and protect user assets.
Exchange Responses to the BCH Fork
Gate.io: Full Support for Both Chains
Gate.io confirmed it had completed full system integration for both Bitcoin Cash ABC and Bitcoin Cash SV. The platform clarified that:
- The BCH ticker now represents BCH-ABC.
- A new BCHSV symbol was introduced for Bitcoin Cash SV.
While deposit services were launched immediately after the fork, Gate.io later enabled withdrawal functionality for both tokens. To ensure security amid initial network instability, the exchange implemented lower withdrawal limits, with plans to increase them gradually as network conditions stabilized.
This proactive approach minimized user disruption and reinforced Gate.io's reputation for technical readiness during high-volatility events.
CoinMex: Snapshot-Based Distribution and Trading Pairs
CoinMex executed a clean transition by taking a historical snapshot at 00:40 Singapore time on November 16, allocating BSV tokens at a 1:1 ratio to users holding BCH. Key actions included:
- Renaming existing BCH holdings to Bitcoin ABC (BCH).
- Launching BSV/BTC trading pairs on November 19.
- Announcing future support for deposits and withdrawals pending network stability tests.
Their structured rollout emphasized user fairness and system safety, aligning with best practices in post-fork asset management.
DFEX and Bithumb: Rapid Trading Activation
DFEX opened BCHABC and BCHSV trading pairs—including BTC and USDT markets—at 8:00 PM Malaysia time on November 20. The exchange also allowed immediate deposits while deferring withdrawals until further notice due to ongoing network testing.
Similarly, South Korea’s Bithumb listed Bitcoin SV (BSV) earlier that day at 11:00 AM local time, reflecting strong regional demand. Upbit followed suit by enabling BSV deposit and withdrawal services, reminding users to use correct wallet addresses to avoid fund loss.
These coordinated launches underscored growing global exchange maturity in handling complex blockchain events.
ZB.com and BigONE: Temporary Delays Due to Upgrades
Not all platforms went live immediately. ZB.com delayed the distribution and trading of BCHABC and BCHSV until November 21, citing required platform upgrades. Deposits and trading were rescheduled for 7:00 PM and 8:00 PM (UTC+8), respectively.
Meanwhile, BigONE announced a scheduled maintenance window from 00:00 to 02:00 UTC+8 on November 21, pausing all trading, deposits, and withdrawals. Users were advised to adjust their activities accordingly.
Such transparency helped maintain trust despite temporary service interruptions.
Other Notable Exchange Actions
- YEX: Executed a massive token burn, destroying over 490 million YEX tokens—part of its "Black Hole Plan" and unclaimed mining rewards—to enhance scarcity and long-term value.
- Bibox: Postponed the launch of Alchemint Standards (SDS) trading due to wallet syncing issues, rescheduling it for later that evening.
- Coinyee: Successfully distributed BCHABC tokens 1:1 from original BCH balances and launched new trading pairs against CNY, USDT, and BTC.
Industry Developments Beyond the Fork
Blockchain Group (00364.HK): Court-Ordered Liquidation
In a significant off-chain development, Hong Kong-listed Blockchain Group Limited (00364.HK) was officially ordered into liquidation by the High Court on November 19. The Official Receiver was appointed as interim liquidator, and trading of its shares was suspended from 1:00 PM that day.
This marked a cautionary tale about financial sustainability in the volatile blockchain sector, even for publicly traded entities.
算力投 (Hashrate Investment): Suspension of Mining Contracts
算力投 (a mining services provider) announced the termination of all Antminer S9 hashrate contracts after failing to cover electricity and management fees for ten consecutive days. According to their service agreement, such failure triggers automatic contract termination—effective November 16, 2018.
Their website now reflects that all hashrate contracts have been suspended, with partial mining farm operations also halted. This highlights the economic pressure faced by smaller mining operators amid declining coin values and rising operational costs.
Frequently Asked Questions (FAQ)
Q: What happened during the Bitcoin Cash hard fork?
A: The Bitcoin Cash network split into two separate blockchains—Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV)—due to disagreements over protocol development direction. Exchanges supported both chains via snapshots and token distribution.
Q: Did I receive free BSV if I held BCH?
A: Yes, most major exchanges—including CoinMex and Gate.io—distributed BSV at a 1:1 ratio based on BCH holdings at the time of the fork snapshot. Check your account or the exchange’s announcement for confirmation.
Q: Why did some exchanges delay BSV trading?
A: Delays were primarily due to concerns over network stability immediately after the fork. Platforms like ZB.com and Coinyee postponed trading until systems were fully tested to protect user funds.
Q: Can I withdraw BSV right away?
A: Initially, many exchanges restricted withdrawals until blockchain conditions stabilized. Withdrawal services were typically enabled days after trading went live.
Q: What does “BCH” mean on exchanges now?
A: After the fork, most platforms redefined “BCH” to refer exclusively to Bitcoin Cash ABC. A new ticker like BCHSV or BSV was created for Bitcoin Cash SV.
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Final Thoughts
The coordinated response across global exchanges to the Bitcoin Cash fork demonstrates increased maturity in crypto infrastructure. From precise snapshot execution to transparent communication about delays, platforms prioritized security, fairness, and user experience.
As blockchain networks evolve, so too must the ecosystems supporting them. Investors and traders benefit most when exchanges act responsibly—ensuring smooth transitions during high-risk technical events.
👉 Learn how modern exchanges safeguard your assets during network upgrades.