The major US-based cryptocurrency exchanges Coinbase and Kraken announced their support for the upcoming Ethereum’s hard fork — Constantinople, the network upgrade estimated for this week. The exchanges follow the examples of Binance, Huobi and OKEx.
Coinbase intends to support the upcoming Constantinople Ethereum (ETH) network upgrade. Please see our support article for more information: https://t.co/BdWibitiGj— Coinbase (@coinbase) January 14, 2019
“Upon commencement of the upgrade, for security and technical purposes, we will temporarily pause sending and receiving ETH across all of our trading platforms until the upgrade completes and we confirm security of the network.” — Shared Coinbase on its Support page.
News reports share that Kraken also mentioned its support on Twitter.
The upgrade is planned to take place when the Ethereum chain reaches a block height of 7,080,000 — which is, as mentioned, expected this week.
It marks a turning point for the network, with its developers planning on migrating it from a Proof of Work (PoW) to a Proof of Stake (PoS) algorithm, among the introduction of a variety of other technical improvements.
In the meanwhile, the crypto market recovered slightly yesterday, during the evening session (GMT), and Ethereum joined in the bullish momentum. It is now quoted around $127, registering a price increase of almost 8 percent in the last 24 hours.
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