Coinbase has said that it would offer any possible Ethereum proof-of-work tokens following the Merge if they match its listing requirements.
The exchange announced its support for the Ethereum network’s transition to a proof-of-stake network in a tweet on August 25.
According to Coinbase, its objective is to include all legal and secure assets. Therefore, the exchange will analyze each ETH split coin following the merging “in accordance with our usual asset listing procedure”
It also reassured clients that any prospective forked Ethereum tokens will be subject to the same listing scrutiny as all other assets on the exchange. cbETH is a new utility coin that Coinbase has stated would be released to its customers.
Once the tokens are made accessible for deposits and withdrawals, users will be alerted through Twitter and the status page.
Coinbase joins the increasing number of exchanges that have pledged to offer Ethereum proof-of-work coins that match their requirements.
While many members of the cryptocurrency world are eagerly expecting the mid-September Ethereum merging, there has been a rise in conversation regarding the prospect of a hard split.
Chandler Guo, one of the leaders of the hard fork movement, claimed that there might be as many as seven or eight POW hard forks after the Merge.
Binance, OKEx, Poloniex, BitMEX, MEXC Global, Gate Exchange, etc., among others, have all said publicly that they would list Ethereum hard fork PoW tokens if they match the exchange’s listing requirements.
Some have already launched tickers for the split coins, stating that users may exchange their ETH for the forked tokens at a 1:1 ratio.
Also Read: U.S. Sanctions Reduce Access To Privacy Tools, Hitting Crypto Companies
Comments are closed.