Cryptocurrency exchanges Coinbase, Huobi, and Kraken have declared support for the upcoming Constantinople hardfork on Ethereum’s blockchain. This is according to announcements made by the three exchanges.
Hardfork to be triggered at block 7,080,000
The Constantinople hardfork on Ethereum’s blockchain is set to be triggered at block 7,080,000. At the moment of writing, Ethereum was at block 7,069,605, with the hardfork expected to occur within a few hours. There is an online timer that crypto enthusiasts can check to follow this development.
Users of Coinbase, Huobi and Kraken exchanges don’t have to worry about their ETH coins during the hardfork process. Huobi released a statement saying that they “will support the upcoming Ethereum (ETH) Constantinople hard fork, it is recommended that you deposit ETH into your HBUS account and we will assist you with any technical issues regarding the hard fork.”
In yesterday’s statement, Coinbase revealed that it would support the hardfork. The exchange stated it “intends to fully support the Constantinople Ethereum (ETH) upgrade. Customers […] can continue buying, selling, trading and converting Ethereum (ETH) during the upgrade.”
Coinbase will, however, temporarily pause sending and receiving ETH across all of their trading platforms until the upgrade completes and they confirm the security of the network.
Kraken made a similar announcement, declaring support for the hardfork. The exchange added that no new coins would be created during the hardfork process. The exchange tweeted:
Kraken will be supporting this. We expect this will be a non-contentious fork. No new coins will be credited to ETH holders as we expect the old chain will quickly become obsolete.
— Kraken Support (@krakensupport) January 14, 2019
Binance already declared support
Even before, Binance and OKEx had already announced that they would be supporting Ethereum’s Constantinople hardfork. Each of these exchanges advised their users to deposit their ETH coins into their exchange wallets, and the technicalities will be handled during the hardfork process.
Cryptocurrency users are advised to be careful as two scams have emerged claiming to be legitimate forks of Ethereum and Ethereum Classic. The coins are Ethereum Nowa and Ethereum Classic Vision. Some traders and investors have been tricked into giving their private keys, and their ETH funds were emptied afterward.
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