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Bitcoin Cash Node Upgrade and Hard Fork Support by ProBit
ProBit has officially announced its support for the Bitcoin Cash Node v27.0.0 upgrade and hard fork, scheduled to take place on May 15, 2024. It is crucial to mark this date on your calendar as all deposits and withdrawals of BCH will be temporarily suspended until further notice.
On May 15, 2024, starting from 14:30 (UTC+5:30), the deposit and withdrawal functions for BCH will be unavailable until an official notice is provided by authorized channel sources. The hard fork of Bitcoin Cash is expected to occur on the same date, three hours later. Following the upgrade process and network stability testing, the deposit and withdrawal services for BCH will resume.
It is highly recommended to rely solely on information from official sources such as ProBit for updates regarding the resumption of services. Unauthorized sources may provide inaccurate or misleading information, leading to confusion among users.
Market Impact and Future Outlook for Bitcoin Cash
Despite the support from ProBit, the announcement has not had a positive impact on the value of BCH, which has experienced a 4.70% decline in the last 24 hours, currently trading at $407.57. While the token has managed to hold above the $400 mark, the recent drop raises concerns about its ability to reach $450 by the year’s end.
However, there is still optimism surrounding Bitcoin Cash, with a slight increase of 0.80% in the current listed value and a significant growth of 54.06% over the past 7 and 30 days, respectively. If favorable conditions persist, achieving the $450 milestone remains a possibility for BCH.
Partnership with Meld and Milestones Achieved
In addition to supporting the Bitcoin Cash upgrade, ProBit recently partnered with Meld to enhance the cryptocurrency purchasing experience. The collaboration, established on March 21, 2024, involves the integration of Meld’s payment service providers, including Money, TransFi, and Unlimited, into a consolidated dashboard for improved accessibility.
Meld has affirmed its commitment to offering a reliable fiat-to-crypto on-ramp service as an aggregator, ensuring a seamless user experience for cryptocurrency transactions.
Celebrating its fifth anniversary, ProBit Global commemorated the milestone of serving over 3 million users across 190 countries. The crypto exchange platform has emerged as a key player in the industry, known for its exceptional customer service and user-friendly interface, navigating through market volatility and uncertainties.
Stay Informed with ProBit Global
Users seeking updates on the availability of BCH deposits and withdrawals can refer to the Deposit and Withdrawal Status page by searching for “BCH” in the relevant section. Alternatively, they can await official announcements on ProBit’s website or social media platforms regarding the restoration of services.
While BCH/USDT trading services will continue uninterrupted during the upgrade and hard fork process, it is essential to note that only the deposit and withdrawal of BCH will be temporarily suspended until further notice.
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