Upbit Announces Start of BCHA to XEC Rebranding Korean exchange

Question

Upbit Announces Start of BCHA to XEC Rebranding Korean exchange

Upbit has announced it is closing BCHA withdrawals and deposits as it is starting the rebranding. Trading of BCHA will be suspended on the 29th.
The announcement reads:

"[Deposit/Withdrawal Suspension Details]

Deposit/Withdrawal schedule : from September 28th, 2021 6 PM (KST) ~
Deposit/Withdrawal Resumption : A separate announcement will be made for XEC deposit/withdrawal resumption after confirming the stability and completion of rebranding.
*Deposits in progress confirmed before the deposit/withdrawal suspension will be reflected in the balance as soon as the number of confirmations before rebranding is satisfied.
*Deposits made after the deposit/withdrawal suspension will be reflected when rebranding is completed and deposit/withdrawal is resumed.
[Transaction Suspension Details]

Market : BCHA/KRW, BCHA/BTC
Suspension Schedule : September 29th, 2021 from 2 PM (KST) ~ to be notified through this notice when the works are completed
*There may be changes in schedule and we will notice through this notice if any changes occur.
*The market will change to XEC/KRW after resumption of transaction.
*As noticed in advance in previous notices, XEC/BTC market will be temporarily suspended after resumption of deposit/withdrawal.
*Due to rebranding (BCHA → XEC) all orders will be cancelled."

https://upbit.com/service_center/notice?id=2174

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0

28.09.2021

3 ответов

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Phlip - Not giving away coins Автор вопроса

looks like they will be doing it the correct way by making sure deposits and withdrawals are working properly BEFORE opening trading.

0

28.09.2021

Phlip - Not giving away coins Автор вопроса

looks like they are suspending deposits and withdrawals today will suspend trading tomorrow. It then should be up and running again fairly quickly but it all depends on how difficult their internal system is to make such changes. They will want to make sure all users are credited correctly so most of the work will likely be testing. And depending on how many bugs they encounter it will go slow or quick

0

28.09.2021

PYEthagoras Coder · Accepted Answer

PYEthagoras Coder

Does anyone know how long does this process takes, it is a matter of hours or is it days/week/couple of weeks?

0

28.09.2021

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Upbit Announces Start of BCHA to XEC Rebranding Korean exchange

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