Japanese cryptocurrency exchange Bitbank has announced that it has not yet made a decision on the Ethereum PoW (ETHW) listing.
Earlier in August, crypto miners revealed Proof of Work Ethereum, the upcoming pre-Merge alternative. The ETHW token initially managed to gain some volume and Poloniex became one of the first exchanges to support it. BitMEX has also launched a futures contract for the PoW coin. Bitbank, on the other hand, has not been able to decide on the listing.
Bitbank Seeks Regulatory Clarity Regarding ETHW
The company has yet to make a decision regarding the Ethereum PoW (ETHW) listing. He thinks potential regulatory risks should be evaluated before deciding whether to list the coin.
Despite generating a lot of interest in early August, the value of the PoW-backed token plummeted at the start of the Merge event. ETHW is currently trading at $50.56, according to data provided by CoinGecko. It is also worth noting that the ETHW coin has not yet been released.
Also, Ethereum PoW received an update recently and took an important step towards protection. This step is aimed at protecting malicious people from stealing funds using testnet transactions with a replay attack.
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