Bitfinex rolls out plans to support the Ethereum PoW (ETHPoW) fork ahead of The Ethereum Merge. Several big names in the industry have declared support for the imminent fork to the Ethereum blockchain post-Merge. Bitfinex is the latest in line to join in the bandwagon.
BitFinex Derivatives launches ETH CST to support the ETH fork
Through a media release on Tuesday, BitFinex unveiled the launch of New Chain Split Tokens (CSTs) on Ethereum. iFinex Financial Technologies, a subsidiary of iFinex Inc, was responsible for the launch. iFinex Financial Technologies handles the operations of BitFinex Derivatives.
With the launch of the Ethereum CST, users will have the opportunity to trade both the ETHPoW fork and the ETH PoS tokens resulting from The Merge on the BitFinex Derivatives platform. Both tokens will be separate and also available in trading pairs, the release notes. The tokens will have the tickers ETHS (PoS) and ETHW (PoW).
Speaking on the matter, Paulo Ardoino, BitFinex Derivatives’ CTO, said,
We are delighted to provide our users access to these new Ethereum Chain Split Tokens to help prepare for all eventualities as we approach the Ethereum Merge.
