eToro Crypto Trading Platform To Compensate Clients For The Bitcoin Cash (BCH) Hard Fork
eToro To Compensate Clients For The Bitcoin Cash Hard Fork
eToro has decided for a curious move: to give money to its customers in order to compensate them for holding Bitcoin Cash (BCH) during the hard fork. According to a tweet of Mati Greenspan, people holding Bitcoin Cash Satoshi Vision (BCHSV) will be eligible for the compensation.
People who held non-leveraged Bitcoin Cash positions will receive $92 USD for each BCH units that they have on their wallets. This measure will be taken as a way to mitigate any kind of financial damage that the investors may have received in the last weeks because of the fork.
The Bitcoin Cash Hard Fork
Bitcoin Cash, which was born from a hard fork with the original Bitcoin in 2017, had its second fork in November 15. This happened because of two large groups that disagreed on how to update the token. The fork was filled with disagreements, threats and it ended with the community torn apart.
One group created Bitcoin Cash ABC, which ended up as the official BCH, and the other one created BCH Satoshi Vision. ABC ended up as the real BCH and now the community is starting to stabilize, but both tokens lost a lot of money over the fork.