MEXC is the first exchange to open a forked token ETHW deposit as Ethereum forma

[rick666]

On September 15, 2022, at 06:43 (UTC), Ethereum completed its merge at block height 15537393 and formally adopted the PoS consensus algorithm. Ethereum then said goodbye to the seven-year PoW mining phase.

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

MEXC launched ETHW deposit on September 15 at 15:20, becoming the first cryptocurrency trading platform on the network to do so. The ETHW deposit, which is currently the fastest account deposit, calculated that just 49 blocks are required to finish the deposit process.

The current price of ETHW is 13.01 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 complete indicators of MEXC, FTX, and ByBit are in the top three when compared to major trading platforms. The absolute amount of the price difference between the bid purchase and ask price on the ETHW trading page on MEXC is just 0.002, which is the smallest, and the trading volume and depth indicators work better.

In reality, MEXC is not only the first platform to announce its support for the Eth2.0 mainnet merging and the first to advertise Ethereum's prospective forked chain tokens, but it is also the fastest platform to open ETHW deposits within a single day.

MEXC announced that as of August 5 it had supported the trading of "possible forked token ETHW." The true Ethereum network token, ETHW, can currently be exchanged for the token. The real Ethereum network token (ETHW), which can be acquired outside of the trading platform, can also be placed on MEXC for trading purposes at the same time.

According to what is known, MEXC is a market-leading, user-friendly platform for trading cryptocurrencies that offers one-stop services for trading spot, leveraged ETFs, perpetual futures, NFT Index, etc. MEXC, which has more than 7 million users globally, is the cryptocurrency trading platform with the fastest launch times for well-known projects across the network and the widest range of tradable categories.

Aside from that, data from CoinGecko shows that MEXC presently enables trading in more than 1,500 cryptocurrency spots, more than 120 cryptocurrency futures, and more than 300 cryptocurrency leveraged ETFs.

[Ghozrd]

I have seen this information on MEXC platform, actually I expected 1:1 ETHW price with ETH, but in reality ETHW price is far from Ethereum price.
For now I only trade ETH and some mineable coins, because I believe when miners leave Ethereum they will look for other coins and the situation will be similar to ETH, I mean the price will go up more than 10x in the future.

[I-Bit]

God to see this. MEX is one of the exchanges that I am using right now. It is simple, no need for KYC to be able to do certain transactions. KYC is available if we have a very high transaction.
Moreover, we can also find many trading pairs like the top popular exchanges.
Ethereum merge is still debatable, but the way of MEXC to start this point and see the chance, this platform really provide it, like Binance.