Markets open SUN · JUL 12, 2026 · 00:00 ET NY · LON · TKY
Help
EN · USD
Menu
Crypto

BitMex-will-not-support-distribution-of-Bitcoins-2X

BitMex-will-not-support-distribution-of-Bitcoins-2X
SP
SPY STOCK
SPY
LIVE
Today's move is the key live setup for SPY in this article. Track the chart before deciding what to do next.
Track SPY in real time
Open an account
Market data delayed. Not investment advice. CFDs involve risk of capital loss.
 

BitMex-will-not-support-distribution-of-Bitcoins-2X




Due to the likely SegWit2X (B2X) split in November, the BitMex platform has declared that it will not support the distribution of 2X Bitcoins (B2X).

For her, and to protect the assets, the hard fork must include the following, which does not seem to be the policy that follows the Hardcamp Bitcoin 2X:

"-It is absolutely crucial to have two-way protection against replay attacks enabled by default, so that the transactions of one string are not valid on the other string.

- A clean break, so that the new string is not erased by the original string.

-A modification of the block header, so that all portfolios must be upgraded to follow this new string.

- A change of address format, to prevent people from inadvertently sending money to an address on the wrong channel.

-A new peer-to-peer network, to ensure the proper operation of the independent nodes on the two chains. "

The administrative costs of distributing the new currency would be totally prohibitive.

The platform also encouraged customers who did not agree with their Hard Fork policy to withdraw their funds.

The team also said with regards to the Hard Fork Bitcoin 2X:

"The proposal Bitcoin2X (B2X) aims to increase the size of the blocks. It is expected that the split will occur in November 2017. This change is incompatible with the current rules of Bitcoin which will likely result in the creation of a new coin .

Proponents of this new corner hope that it will become the new Bitcoin. Investors and traders can decide which is the most valuable. For this process to work smoothly, a solid bidirectional protection against replay attacks is required.

We understand that the SegWit2x proposal does not include bidirectional protection against replay attacks by default. Therefore, BitMEX will not support SegWit2x.

BitMEX does not support the distribution of B2X, nor will it be responsible for any B2X that will be sent to the platform by mistake. This policy applies even if the SegWit2x channel receives majority support from minors. Therefore, it is up to our users to remove their Bitcoins from BitMEX before the hard fork, in order to recover their B2X.

BitMEX considers that all the pieces are litigious hard like Altcoins. The BXBT and .BXBTJPY indices will remain unchanged and will not include B2X. "

As a reminder, the decision to move to 2MB was made in Hong Kong in February 2016 and ratified in May 2017 in New York.

So next month the miners will generate blocks of 2MB in order to increase the capacity of the network. But already many miners are being withdrawn from the New York agreement and therefore their support to the network is likely to be much lower.
AI
Market signal
SPY (SPY)
Trade SPY with live price context
Open on eToro ↗
★ Editorial picks

Where to trade this market

Brokers compared on regulation, platforms, and account access.

AvaTrade Multi-asset CFD broker
4.5
CBIASICCySEC
Min. deposit $100
Spread From 0.9 pips
Platform MT4 / MT5
Open account
Plus500 CFD trading platform
4.3
FCACySECASIC
Min. deposit Varies
Spread Variable
Platform WebTrader / App
Open account 80% of retail CFD accounts lose money. Other fees apply.

Trading CFDs, crypto and forex involves significant risk of loss. Broker availability, spreads and minimum deposits vary by country. This is not investment advice.

Verified brokers · Updated today

Start trading in minutes

Capital at risk. Compare regulated brokers before investing. Advertiser disclosure

Disclaimer. This content is for informational and educational purposes only. It does not constitute financial advice, a recommendation, or an offer to buy or sell any security or digital asset. Past performance does not guarantee future results. Cryptocurrency investments are subject to high market risk and volatility.