Published On: Mon, Oct 30th, 2017

eToro Exchange Clarify Position on Bitcoin2X and Bitcoin Gold

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The eToro exchange announced they will support and credit users with Bitcoin2X but they will not support or provide customers with Bitcoin Gold, claiming lack of clarity.
eToro which describes itself as a Social Investment Network running a marketplace where users can trade currencies, commodities, indices and CFD stocks, clarified their position on how they will be handling the Bitcoin forks of Bitcoin gold and Bitcoin2X. The post opens with;
At eToro, we only support a fork if we feel it has a clear direction and purpose. The safety of our customers’ funds is paramount, and we have maintained this position whenever we have added new instruments to our platform.
Bitcoin2X (b2X) AKA SegWit2X

eToro announced they will support this fork, however, their support is not without a number of caveats. Primarily the site is worried about a lack of replay protection in the fork’s code, meaning that users are liable to fall victim to double spending or other transactional errors. However, the site has announced that any users who hold a non-leveraged long position on Bitcoin will receive B2X alongside their initial position of Bitcoin on a 1:1 basis.
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