The ETHPoW hard fork appears to be garnering more publicity than expected. As the Ethereum community moves closer to The Merge, ETH miners are looking to fork the chain to retain mining revenue.
Some crypto entities have indicated support for this ambition, most notably Tron’s Justin Sun. However, the most recent endorsement move appears to be coming from BitMex.
BitMex will allow margin trading for ETHPoW with up to 2x leverage
Seychelles-based cryptocurrency exchange, BitMex, recently announced that it would be launching margin trading options for the expected ETHPoW fork. The announcement was made on August 8 on the platform’s official page.
According to BitMex, when the margin contract goes live, users will have access to up to 2x leverage trading against USDT-ERC20. Users can already explore the trading opportunity on BitMex’s testnet platform.
BitMex admitted that the asset which would have the ticker ETHPOWZ22, is highly speculative, and it might never exist. Hence, the exchange modified a few leverage trading items including marking method, fees, and price limits, among others.
