• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

BitMEX launches futures goods for ETHPoW, is FTX nevertheless “in love” with PoS?

191
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

BitMEX launches a long term product or service for ETHPoW making use of Tether (USDT) as collateral, although FTX is nevertheless “in love” with PoS?

BitMEX launches futures goods for ETHPoW, FTX is nevertheless “single heart” with PoS?

BitMEX paves the way for ETHPoW

Before the threshold The merger – a milestone in bringing the total Ethereum network to the Proof-of-Stake (PoS) consensus mechanism, the BitMEX exchange is about to launch collateral futures contracts Bind (USDT ERC-twenty) for ETHPOW, the cryptocurrency that represents the publish-The Merge currency chain that nevertheless employs Proof-of-Work (PoW).

Related articles

NFT exchange LooksRare launches minigames with token burning mechanism

NFT exchange LooksRare launches minigames with token burning mechanism

November 25, 2023
Square Enix's NFT game launches in December

Square Enix’s NFT game launches in December

November 25, 2023

The thought of ​​an Ethereum fork wave came from Chandler Guo, an influential miner in China. He employs the phrase “ETH POW” to refer to the split of the publish-The Merge Ethereum chain. If effective, the fork network will be named ETHW along with the ETHPOW coin.

Despite nevertheless uncertain about the visual appeal of the forked chains, BitMEX nevertheless needs to present ETHPoW trading and the platform will officially launch the ETHPOWZ22 contract tomorrow. But BitMEX has warning that the product or service is “highly speculative”, due to the reality that ETHPOW will likely by no means exist.

This only within

Tomorrow a brand new ETHPOW futures contract will fall on BitMEX:$ ETHPOW $ USDT

Contract details👇https://t.co/CuahDsXqTX pic.twitter.com/d1PAdYuqyh

– BitMEX (@BitMEX) 8 August 2022

The contract supports 2x leverage and will at least at first trade with the tick strategy “Last Price / Last Price”. This can be altered to the extra normally applied “Fair Price” strategy when ample details is obtainable. Earlier this month, BitMEX launched a blog site publish concluding that though ETHPOW has numerous technical hurdles and doubts about its lengthy-phrase viability, it stays an desirable investment channel in the quick to medium phrase.

Is FTX nevertheless “loyal” to The Merge?

Meanwhile, FTX notification has no strategies to suspend or settle ETH futures contracts prior to the merger occasion and will do our very best to assistance ongoing trading. Ethereum futures and perpetual contracts (ETH-0930, ETH-1230, ETH-PERP) on FTX will stick to PoS on completion of The Merge. Coinlive will supply extra information on FTX’s place quickly.

FTX’s response to merger

Details: https://t.co/QiQYpbv8he pic.twitter.com/drAwbGoyqm

– FTX (@FTX_official) August 9, 2022

So far, the record of organizations announced to assistance The Merge has been named Chain, AAVE and, of program, people who have selected to accompany the consolidation occasion from the extremely starting. Although Ethereum founder Vitalik Buterin calls supporters of ETHW’s really hard fork “snatching”, just to make a speedy revenue, there are nevertheless numerous events that assistance and encourage ETH PoW, for instance: Poloniex – the exchange is supported by Justin Sun and Galois Capital.

Furthermore, it is extremely hard to fail to remember the “neutral side” integrated MEXC, Huobi, Gate, Digifinex And OKX he is nevertheless standing at a “crossroads”, announcing that he will assistance Ether forks if necessary, but has not expressed assistance or opposition. In quick, anyone will have to wait one more month for a definitive reply due to the fact The Merge will be activated on September 19th.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: BitMEXETHPoWFTXFutureslauncheslovePoSProducts
Share76Tweet48

Related Posts

Trump Advisor Meets El Salvador President Over Bitcoin Strategy

by shark
June 6, 2025
0

Trump's advisor Bo Hines meets El Salvador's Nayib Bukele to discuss Bitcoin policy impacts.

Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift

by shark
June 6, 2025
0

Bitcoin experiences calm trading in 2025, analysts foresee pivotal crypto changes ahead.

California Assembly Advances Bill on Dormant Crypto Assets

by shark
June 5, 2025
0

California's State Assembly approves AB-1052, designating long-inactive crypto assets as unclaimed property.

BlackRock ETF Leads Bitcoin Inflow with $284 Million

by shark
June 5, 2025
0

Spot Bitcoin ETFs see $87M net inflow, BlackRock's IBIT leads with $284M.

Moroccan Authorities Arrest Crypto-Related Kidnapping Suspect

by shark
June 5, 2025
0

Moroccan police arrest suspect linked to crypto kidnappings in France, impacting entrepreneurs and urging security enhancements.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Trump Advisor Meets El Salvador President Over Bitcoin Strategy
  • Qubetics, Solana, Stellar: Massive Updates and $900M Moves Set Stage for Next Bull Run Crypto
  • Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift
  • California Assembly Advances Bill on Dormant Crypto Assets
  • BlackRock ETF Leads Bitcoin Inflow with $284 Million
  • Qubetics Kaspa and Tezos Emerge as the Best Crypto to Buy Now After Policy Shifts Shape 2025 Trends
  • Moroccan Authorities Arrest Crypto-Related Kidnapping Suspect
  • Solo Miner ‘Solo CK’ Earns $330K in Bitcoin Block
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7