Home Crypto Coinbase Considers Listing Ethereum Forks After the Merge

Coinbase Considers Listing Ethereum Forks After the Merge

More than 13 million Ethereum staked in Ethereum 2.0

The highly anticipated Merge of Ethereum is just around the corner and several exchanges are talking about their strategy. Now it’s Coinbase that indicates consider listing several Ethereum forks on their exchange platform after the Merge. If a successful Proof-of-Work fork of Ethereum is rigged, there is a good chance that it will end up on Coinbase.

“We want to create a level playing field”

In the blog post, Coinbase indicates that it will give all assets that meet the legal requirements and are safe enough to list. In this way, the US exchange platform hopes to create a level playing field for all new assets in the crypto world, while protecting their users at the same time.

“If a Proof-of-Work fork comes to life for Ethereum after the Merge, we will scrutinize that asset the same way we have for other listed assets,” Coinbase said of their plans. Coinbase has not commented on this in the past and has been mostly positive about Ethereum’s new Proof-of-Stake model.

The End of Proof-of-Work

With the Merge, Proof-of-Work mining on Ethereum will basically come to an end. Not everyone is happy with this and miners in particular are revolting against the change. That uprising now seems to result in a possible Proof-of-Work version of Ethereum. A new hard fork of Ethereum that will once again create a new token. However, it is not that far yet, in order to achieve that, this group must persevere and actually put together the code.

Once it succeeds and the Ethereum Proof-of-Work fork is alive, Coinbase will consider listing. Other exchanges like Poloniex, Huobi, BitMEX and Bitrue have already listed ETHW on their platform. In those cases, it is not yet the real token, but a synthetic version. Once the real version exists, users can exchange it for the real ETHW.

No Comments

Leave A Reply

Please enter your comment!
Please enter your name here

Exit mobile version