The cryptocurrency exchange Bybit has begun trading the PoW fork of Ethereum (ETHW) in the USDT pair. The platform will add support for deposits/withdrawals of the asset later.
🔥 $ETHW/USDT is now LIVE for Spot trading!
👀 $ETHW deposits and withdrawals are coming soon!
📲 Trade now with 0 fees: https://t.co/EE7fn790nl
👉 Find out more: https://t.co/l4RTaTOJ7C pic.twitter.com/MkL16u4ekG— Bybit (@Bybit_Official) September 15, 2022
The platform announced ETHW trading on September 14.
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On September 15, 2022 (06:42:42 GMT), Bybit took a snapshot of ETH on all accounts. ETHW will be credited to users’ spot accounts at a 1:1 ratio with the corresponding notice.
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ETHW/USDT trading started at 12:30 (Moscow/Kiev) with a price of $5. At one point the price rose to $40, then settled near $30 with fluctuations from $23 to $35.4.
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According to CoinGecko, the IOU ETHW price after spiking to $50 amid The Merge activation has returned to around $30.
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As planned, the transition of the second-largest cryptocurrency network to the Proof-of-Stake consensus algorithm took place on September 15.
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