Crypto exchanges pitch their tent on ETH hard fork

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Crypto exchanges pitch their tent on ETH hard fork

After Chandler Guo s vow to fork ETH, the call for a hard fork has grown significantly, leaving stakeholders to pitch their tent on different sides.

Justin Sun, founder of the Tron TRX, and his exchange Poloniex were one of the first supporters of the idea.

Jay Hao, CEO of OKX exchange, has indicated that the exchange could list the newly forked coins if there is enough demand. He added that OKX will support the Merge ofEthereum. As long as they meet the exchange security requirements, Huobi will support forked assets on its platform.

It added that it does not encourage arbitrary forking and pre-mining that could affect the industry's development.

Other exchanges like Gate Exchange and MEXC have also revealed that they will support ETH hard forks.

A forked version ofEthereum would face many technical challenges, according to BitMEX. If the positive sentiments surrounding the forked coins persist, leading centralized exchanges might list them.

The users of BitMEX will be able to get exposure to ETHPoW through a linear futures contract that will go live on August 9.

Barry Silbert, CEO of Digital Currency Group, said his firm does not intend to back any hard fork.

The ETH miners should move to Classic ETC to maximize their revenue for the long term, according to Silbert.

Chainlink LINK said it would not support any network that is a forked version ofEthereum. The protocol and its services will only be operational onEthereum during and after the merger.

Vitalik Buterin said that those who want to keep their money on a PoW network are those who want to make quick cash. Buterin said something.