Bybit launches ETHW trading on Ethereum PoW fork

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

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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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