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. In addition to the above screening process, the handling of tokens in Japan is subject to a screening process by Japan Virtual and Crypto assets Exchange Association(JVCEA). We make no promises or guarantees regarding the handling of the newly forked tokens. Please refrain from assuming that we will always grant the crypto assets generated by the fork or list the new crypto assets..
Additional resources:
- Support article: Review our Ethereum Merge, Staking and Trading FAQ for residents of Japan
- 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.
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 1 September 2022 14:30 UTC