MEXC Becomes the First Crypto Exchange to Open ETHW Deposits as Ethereum Enters PoS Era

On September 15, 2022, at 06:43 (UTC), Ethereum completed its merge and transitioned to the proof-of-stake consensus algorithm. After that, the seven-year proof-of-work (PoW) mining era was officially over for Ethereum.

Ethereum had formally hard forked away from Ethereum at the same time, keeping the PoW consensus. Numerous well-known trading platforms have opened it for deposit and trading as the network token ETHW of the Ethereum forked chain.

MEXC opened ETHW deposits at 15:20 on September 15, becoming the first cryptocurrency trading platform on the network. Only 49 blocks are required to complete the deposit process, which is currently the fastest account deposit speed among trading platforms, according to the calculation of the ETHW deposit.

The current price of ETHW is 13.01 Tether (USDT), and its 24-hour trading volume was $74.05 million, according to CoinGecko data. From the standpoint of trading volume, depth, and price difference, the comprehensive indicators of MEXC, FTX, and Bybit are among the top three when compared to mainstream trading platforms. The absolute value of the price difference between the bid buy and ask price on the ETHW trading page on MEXC is only 0.002, which is the smallest, and the trading volume and depth indicators perform better.

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

The trading of the “potential forked token ETHW” has been supported by MEXC since at least August 5, according to the company’s announcement. The real Ethereum network token, ETHW, can currently be exchanged for the token. The real Ethereum network token (ETHW), which can be acquired outside the trading platform, can also be deposited on MEXC for trading purposes simultaneously.

MEXC is a well-known, user-friendly cryptocurrency trading platform that offers one-stop services for trading spot, leveraged exchange-traded funds (ETFs), perpetual futures, NFT Index, etc. MEXC, which has more than 7 million users worldwide, is the cryptocurrency trading platform with the fastest launch times for well-known projects across the network and the broadest range of tradable categories.

Additionally, based on data from CoinGecko, MEXC currently supports trading in more than 1,500 cryptocurrencies for spot transactions, more than 120 cryptocurrencies for futures transactions, and more than 300 for leveraged ETF transactions.