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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.

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).

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.

Comments

Jino Tokieda

Former EMEA/APAC Operations Executive for a global photography company with 5 years of experience working with top technology companies in the US and have been involved with cryptocurrencies since 2019. Always been a fan of TRON and started getting into the TRX scene around 2020. Besides creating articles for Tron Spark, I'm a skateboarder and a full-time dad to two wonderful kids.

Poloniex: TRON-based ETHS and ETHW Now Supported