Crypto Titan Coinbase Says It’s Open To Any Ethereum PoW Fork After Highly Anticipated Merger
Top US crypto exchange Coinbase says it is open to supporting any legitimate proof of work (PoW) fork of Ethereum (ETH) following the highly anticipated merger scheduled for September.
Coin base says that it wants to look at each future Ethereum fork on an individual basis.
“Coinbase is committed to fully supporting the upgraded Ethereum PoS (proof of stake) chain after The Merge.
At Coinbase, our goal is to list all assets that are legal and safe to list. We will evaluate any ETH fork tokens after The Merge on a case-by-case basis in accordance with our standard asset listing policy.
Rest assured that all potential forked tokens of Ethereum, including PoW forks, will go through the same rigorous listing review process that is done for all other assets listed on our exchange.”
Late last month in an interview with Lex Fridman, Coinbase CEO Brian Armstrong said that the crypto exchange’s goal was to eventually list as many tokens as possible, as long as they met the company’s standards as far as security, compliance and the actors behind projects.
“We also look at some parts of it, like the actors behind it and any kind of criminal history and things like that. If we think it meets our listing standards, basically this test of legality and everything for customer protection, then we want to list it because we want the market to decide at that time.
It’s kind of like Amazon or something like that where a product might have three stars or it might have five stars, but if it starts getting one star consistently, it’s probably fraudulent or defective or something, and maybe Amazon will remove it. Otherwise you will let the market decide what these things are…
My belief is that there are going to be millions of these assets over time, and so I hope it doesn’t make news every time we add one in the future, really.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/DomCritelli
