NEWS

Following the successful Ethereum Istanbul hard fork update, several popular exchanges have announced their official support for the network upgrade.

Yesterday, on Dec. 7, the Ethereum’s network saw ample collaboration between node operators and miners to update the software to support the Istanbul hard fork.

Some crypto exchanges even sounded their willingness to update a few days prior to the scheduled hard fork.

A widely supported hard fork

Notably, Binance announced support for the upgrade on Dec. 5 and the day afterwards its U.S. subsidiary did the same. Coinbase also tweeted yesterday that Ethereum and ERC20 deposits and withdrawals have been resumed on its trading platforms and the node upgrade has been completed.

The website dedicated to reporting the state of Ethereum support of crypto exchange Kraken also suggests that the firm has undergone scheduled maintenance to update the nodes. While the Poloniex exchange has announced their support on twitter.

Bitfinex, the cryptocurrency trading firm with close ties to stablecoin operator Tether, also announced on Dec. 6 that it planned to support the hard fork.

Overall, the hard fork has seen widespread adoption by the community and not major negative events have been reported. This hard fork also included the previously discussed Muir Glacier hard fork, meant to address the so-called Ethereum Ice Age.

By Adrian Zmudzinski

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