eToro clients compensated for Bitcoin Cash hard fork

bitcoin cash sv

One of the world’s largest trading networks, eToro, has begun paying out users in fiat currency, rather than supporting Bitcoin Cash SV.

Users will receive US$92 for each Bitcoin Cash unit they held before the hard fork on November, 15.

“The price was determined by the Price of Bitcoin Cash SV (BSV) available to eToro at the time the credit was processed by us,” said eToro in a blog post.

The unprecendented move indicates eToro is highly unlikely to add support for BSV in the near future.

“Although we are not obligated to support forks, we are happy to announce that we decided to credit eToro clients who held long (BUY) non-leveraged positions on November 15, 2018,” the post said.

The hard fork, a result of internal tensions between developers, split Bitcoin Cash (BCH) into Bitcoin Cash ABC and Bitcoin Cash SV.

Bitcoin Cash ABC is still widely considered the original Bitcoin Cash and maintains the ticker symbol ‘BCH’ on most exchanges.

Bitcoin Cash SV has struggled to gain support since the split.

How an Australian Bitcoin exchange is working with a two-century old institution to deliver Bitcoin. Click here to read Micky’s exclusive report.

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