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Coinbase And Kraken To Support Ethereum Hard Fork

Coinbase And Kraken To Support Ethereum Hard Fork

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The American crypto exchanges Coinbase and Kraken joined the list of trading platforms which will support the Ethereum hard fork called Constantinople, Cointelegraph reports referring to the companies’ Twitter accounts.

Earlier, Binance, OKEx, and Huobi declared their support for Constantinople. It is presumably to take place on January 16, 2019, on the block 7 080 000 of the Ethereum network.

Coinbase intends to provide its full assistance in the update of the code, as reported in the company’s Twitter account. When the hard fork starts, for reasons of security, users’ assets protection, and for engineering purposes, sending and receiving of ethers will be suspended on Coinbase and all its trading platforms. It will continue until the network update is completed, and until the experts are sure of transactions safety.

According to the report of the Kraken crypto exchange in its Twitter, it will also support Constantinople. The platform expressed hope that the update will not provoke a controversial hard fork, as it happened in November 2018 with Bitcoin Cash. The Kraken experts added that during the upgrade, ethers will not be transferred to owners, because it is expected that the old network will become inactive soon.

Constantinople is an important milestone in the Ethereum blockchain development. It is supposed to result in a range of technical improvements.

According to CoinMarketCap, in anticipation of the hard fork, ether price increased by 7% in a day and, as of January 15, 10:54 (UTC), amounted to $127, while the capitalization volume was $13.3 bln.

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