As Ethereum Enters the PoS Era, MEXC Becomes First Exchange to Open ETHW Deposits

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At 06:43 (UTC) on Sept. 15, 2022, Ethereum accomplished its merge at the block top of 15,537,393 and formally switched to the proof-of-stake consensus mechanism. From then on, Ethereum bid farewell to the seven-year proof-of-work (PoW) mining period.


At the similar time, Ethereum had formally laborious forked from Ethereum, retaining the PoW consensus. As the community token ETHW of the Ethereum forked chain, it has been actively opened for deposit and buying and selling by varied mainstream buying and selling platforms.

At 15:20 on Sept. 15, MEXC opened ETHW deposits, which is the first cryptocurrency buying and selling platform on the whole community to open ETHW deposits. According to the calculation of the ETHW deposit, solely 49 blocks are wanted to full the deposit course of, which is at the moment the quickest account deposit velocity amongst buying and selling platforms.

According to CoinGecko knowledge, the real-time worth of ETHW is 13.01 Tether (USDT), and the 24-hour buying and selling quantity reached $74.05 million. Compared with mainstream buying and selling platforms, the complete indicators of MEXC, FTX and Bybit are amongst the prime three from the perspective of buying and selling quantity, depth and worth distinction. From the buying and selling web page of ETHW on MEXC, the absolute worth of the worth distinction between bid purchase and ask worth is barely 0.002, which is the smallest, and the buying and selling quantity and depth indicators carry out higher.

In truth, MEXC shouldn’t be solely the quickest platform to open ETHW deposits inside a single day but additionally the first to announce its assist for the Ethereum 2.0 mainnet Merge and the first to checklist Ethereum’s potential forked chain tokens.

According to MEXC’s announcement, MEXC has been supporting the buying and selling of the “potential forked token ETHW” as early as Aug. 5. Currently, the token may be exchanged for ETHW, the actual Ethereum community token. At the similar time, the actual Ethereum community token ETHW obtained outdoors the buying and selling platform can be deposited on MEXC for buying and selling functions.

It is known that MEXC is a world-leading user-friendly cryptocurrency buying and selling platform, offering one-stop providers for buying and selling spot, leveraged exchange-traded funds (ETFs), perpetual futures, NFT Index, and so on. With over 7 million customers worldwide, MEXC can be the cryptocurrency buying and selling platform that owns the quickest launch of fashionable initiatives on the whole community and the most considerable tradable classes.

Also, in accordance to CoinGecko knowledge, MEXC at the moment helps greater than 1,500 cryptocurrencies for spot buying and selling, greater than 120 cryptocurrency futures buying and selling and greater than 300 cryptocurrencies for leveraged ETF buying and selling.

The post As Ethereum Enters the PoS Era, MEXC Becomes First Exchange to Open ETHW Deposits appeared first on CryptoPotato.

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