Poloniex, one of the leading and pioneer cryptocurrency exchanges in the world has announced that they are now supporting deposits and withdrawals of the TRON-based ETHS and ETHW.
We’re excited to welcome TRON-based #ETHS and #ETHW to Poloniex!🎉
TRON-based ETHS and ETHW deposits and withdrawals are open now! 🔥https://t.co/UYXHT6p9np
— Poloniex Exchange (@Poloniex) August 9, 2022
The digital exchange platform has provided a list of available trading pairs for the TRON-based ETHS and ETHW which are the following:
- ETHS(ETH2)/ETH
- ETHS(ETH2)/USDT
- ETHS(ETH2)/USDD
- ETHW(ETH1)/ETH
- ETHW(ETH1)/USDT
- ETHW(ETH1)/USDD
Poloniex is one of the first cryptocurrency exchanges that have provided support to the recently launched and potential fork tokens ETHS (ETH2, Ethereum PoS) and ETHW (ETH1, Ethereum PoW).
ETHS and ETHW Explained
Ethereum, the 2nd most popular cryptocurrency in the world has recently had an upgrade dubbed “The Merge” which is the transition between the current proof-of-work consensus mechanism with a more eco-friendly, efficient, and secure proof-of-stake consensus mechanism.
This recent Ethereum upgrade has led to the launching of the future ETH fork tokens, the ETHS (ETH2, Ethereum PoS) and ETHW (ETH1, Ethereum PoW).
Poloniex launched markets for $ETHS and $ETHW, and will airdrop to users prior to “The Merge”.
What’s more, Poloniex also launched zero trading fees for all ETHS and ETHW trading pairs.https://t.co/0dBH7pJ9na
— Poloniex Exchange (@Poloniex) August 9, 2022
After a few hours, Poloniex announced the issuance of the TRON-based ETHS and ETHW. As listed on their blog, they have provided the benefits of the TRON-based ETHS and ETHW:
- ETHS and ETHW will be able to be used on different trading platforms, which facilitates their deposits, withdrawals, and trading across exchanges.
- Trading addresses of ETHS and ETHW are publicly available, making the tokens safe and credible.
- ETHS and ETHW are supported by Poloniex, where users can swap the tokens for ETH and make deposits and withdrawals as they want
What is Poloniex?
Poloniex is one of the leading and pioneer cryptocurrency exchanges in the world. The exchange was launched in 2014 and is based out of Wilmington, Delaware. In 2018, Poloniex was acquired by a digital assets and financial service company called Circle, and it is a Goldman-Sachs-backed company.
The popular crypto exchange has one of the lowest fees at any trading volume and supports over 350 currencies with hundreds of trading pairs available. Poloniex users can trade using its spot, margin, and futures trading.
Asides from its quality financial trading services, Poloniex continued to provide top-notch security features to its users and continues to be one of the most preferred crypto exchanges in the market.
Have you already started trading the TRON-based ETHS and ETHW? Let us know in the comments section below.
For more news and updates, see Tron Spark.
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