Ethereum is expected to undergo an upgrade, known as ‘The Merge,’ which involves a transition from proof-of-work to proof-of-stake, within Q3/Q4 2022 (currently estimated between September 10th-20th, 2022). During this transition, new forked tokens may be created.
The Merge is a major milestone for the Ethereum community and Kraken endeavors to support this event in ways that help our clients and Kraken's mission.
The ETH ticker will represent the token on the updated PoS Ethereum chain post-merge. Kraken will subject any newly forked token(s) to the same strict review process that we follow before making any token available for trading. It is not guaranteed that any such tokens will be made available for trading, as per our policy.
- The Merge is now complete, deposits and withdrawals for ETH and all Ethereum-based (ERC20) tokens have now resumed following the Merge completion.
- ETHW funding and trading is now available. The ETHW token has been distributed to eligible clients. Please contact our support team if you wish to opt out of the token distribution. Review our blog for more information.
- It is possible that the ETHW token may not emerge and that its value could settle to zero. ETHW’s price is highly volatile, please take the time to research the risks involved in trading this token.
- Support article: Review our Ethereum Merge, Staking and Trading FAQ
- Blog: What you should know about the Ethereum Merge on Kraken
- Kraken Learn: Learn more about Ethereum and The Merge
This support article will be updated as more information becomes available. You can also subscribe to status.kraken.com to receive notification on updates as they happen.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, or hold any digital asset or to engage in any specific trading strategy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your crypto assets and you should seek independent advice on your taxation position.
Article last updated 16 September 2022 17:00 UTC