Leading cryptocurrency exchanges support Ethereum hardfork Constantinople

Coinbase and Kraken, the largest cryptocurrency exchanges in the United States, have joined the ranks of platforms that have confirmed the support of hardwood for Ethereum Constantinople, which will be implemented this week.

Two major exchanges joined Binance, Huobi and OKEx, which previously expressed their support for the upcoming update, and promise to monitor the hardforks, which will be carried out at block 7,080,000. This will probably happen on the night of January 16-17.

"Coinbase intends to fully support the Constantinople Ethereum (ETH) upgrade," - wrote the representatives of the site. "Upon commencement of the upgrade, for security and technical purposes, we will temporarily pause sending and receiving ETH across all of our trading platforms until the upgrade completes and we confirm security of the network."

On Twitter, Kraken also confirmed that it would support Constantinople. Representatives of the exchange added that "they expect it to be a non-conflict hardfork," and as a result of the update, new networks will not appear, as happened during the Bitcoin Cash (BCH) hardfork in November.

"Kraken will support the update. No new coins will be credited to ETH holders as we expect the old chain will quickly become obsolete," the exchange said on Twitter.

Constantinople marks a milestone in the development of the Ethereum network, the developers of which plan to transfer it from the PoW algorithm to the PoS algorithm. Hardfork is one of the steps towards a complete transformation of the network and includes a number of technical improvements. 

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