Major Crypto Exchanges Back Ethereum Istanbul Hard Fork
Several prominent cryptocurrency exchanges have responded favorably for upgrading Ethereum (ETH) blockchain following the successful completion of Ethereum Istanbul hard fork.
On Saturday, Ethereum network’s node operators and miners partnered to upgrade the software to back the Istanbul hard fork.
Some cryptocurrency exchanges even came forward to upgrade days before the planned hard fork. The first one to do so was Binance, which expressed its interest to upgrade on December 5.
A day later, the US subsidiary of Binance revealed its interest. Coinbase tweeted yesterday that ERC20 and Ether (ETH) deposit facility is now active again, with the completion of node upgrade.
Ethereum Mainnet has been successfully upgraded. We have re-enabled send/receives to/from Coinbase and Coinbase Pro for ETH and all ERC20 assets. Thank you for your patience.
— Coinbase (@coinbase) December 8, 2019
Notably, cryptocurrency exchange Kraken’s official web page dedicated to Ethereum has mentioned that it has completed the node update.
However, Poloniex has joined the party late by tweeting their support for the upgrade. Similarly, Bitfinex, which is closely associated with stablecoin firm Tether, has also revealed its plan to go ahead with the hardfork on December 6.
As a whole, the hard fork has been accepted widely by the crypto community and no major negative developments have happened so far. The hard fork also encompassed Muir Glacier hard fork, intended to temporarily resolve Ethereum Ice Age.
AuthorKelly Cromley
Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.
