Press Release

Ethereum Officially Enters the PoS Era, MEXC Is the First Exchange To Open ETHW Deposit

Ethereum completed its merge at the block height of 15,537,393 and officially switched to the proof-of-stake consensus mechanism. From then on, Ethereum bid farewell to the seven-year proof-of-work (PoW) mining era.

At the same time, Ethereum had officially hard forked from Ethereum, retaining the PoW consensus. As the network token ETHW of the Ethereum forked chain, it has been actively opened for deposit and trading by various mainstream trading platforms.

At 15:20 on Sept. 15, MEXC opened ETHW deposits, which is the first cryptocurrency trading platform on the entire network to open ETHW deposits. According to the calculation of the ETHW deposit, only 49 blocks are needed to complete the deposit process, which is currently the fastest account deposit speed among trading platforms.

MEXC X ETHW

 

                                                                 MEXC X ETHW

 

According to CoinGecko data, the real-time price of ETHW is 13.01 Tether (USDT), and the 24-hour trading volume reached $74.05 million. Compared with mainstream trading platforms, the comprehensive indicators of MEXC, FTX and Bybit are among the top three from the perspective of trading volume, depth and price difference. From the trading page of ETHW on MEXC, the absolute value of the price difference between bid buy and ask price is only 0.002, which is the smallest, and the trading volume and depth indicators perform better.

                                               MEXC X ETHW/USDT

 

 MEXC X ETHW/USDT

In fact, MEXC is not only the fastest platform to open ETHW deposits within a single day but also the first to announce its support for the Ethereum 2.0 mainnet Merge and the first to list Ethereum’s potential forked chain tokens.

According to MEXC’s announcement, MEXC has been supporting the trading of the “potential forked token ETHW” as early as Aug. 5. Currently, the token can be exchanged for ETHW, the real Ethereum network token. At the same time, the real Ethereum network token ETHW obtained outside the trading platform can also be deposited on MEXC for trading purposes.

It is understood that MEXC is a world-leading user-friendly cryptocurrency trading platform, providing one-stop services for trading spot, leveraged exchange-traded funds (ETFs), perpetual futures, NFT Index, etc. With over 7 million users worldwide, MEXC is also the cryptocurrency trading platform that owns the fastest launch of popular projects on the entire network and the most abundant tradable categories.

Also, according to CoinGecko data, MEXC currently supports more than 1,500 cryptocurrencies for spot trading, more than 120 cryptocurrency futures trading and more than 300 cryptocurrencies for leveraged ETF trading.

Contact:

Ananthi R

Crypto trading has enticed Ananthi R to write for TechBullion. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.

Share
Published by
Ananthi R

Recent Posts

The Basics of Crowdsourcing: How Does it Work? 

Crowdsourcing is a modern method of outsourcing tasks or projects to a large group of…

36 mins ago

5 Cost-Effective Ways to Cool Your Home with a Home Depot Fan

As the summer months approach, it becomes more and more important to find ways to…

39 mins ago

Why You Should Care About VeChain(VET): The Promising New Blockchain Network

A public blockchain called VeChainThor is intended for widespread use of blockchain technology by companies…

1 hour ago

North Dakota Electricians: Fulfill Your Continuing Education Obligations Online

Do you have a North Dakota electrician license and need to fulfill your continuing education…

1 hour ago

Top 10 Tit-tok Quizzes Guide 2023

A Top 10 quiz is a fun and educational format for testing general knowledge. Participants…

1 hour ago

Competitive Trading Conditions to Meet the Needs of All Traders – Fintradespace Review

It is essential to have the best competitive trading conditions and account packages available in…

1 hour ago