FTX, Bybit among the first exchanges to launch spot ETHW trading

FTX, Bybit among the first exchanges to launch spot ETHW trading


Major cryptocurrency exchanges, FTX and Bybit, are among the first crypto trading platforms to launch spot trading for Ethereum proof-of-work (PoW) tokens.

While the Ethereum blockchain has not forked into two separate networks just yet, crypto exchanges are rushing to start trading of the EthereumPoW (ETHW) tokens.

At the time of writing, ETHW Fork IOU token is now trading on five exchanges, including the global FTX exchange, the FTX US platform, Bybit, Gate.io and MEXC Global, according to data from CoinGecko.

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According to the data, FTX is handling more than 80% of ETHW trading, which is estimated to amount to $24.7 million at the time of writing. Bybit and MEXC Global account for 10% and 17.6% of ETHW trading volumes, respectively.

At the time of writing, the ETHW Fork

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