FTX's Stance on The Merge and Proof-of-Stake ETH

Finally, the FTX exchange has made its position clear regarding the Ethereum network's post-Merge split scenario.

FTX's Stance on The Merge and Proof-of-Stake ETH

In the ongoing discussion about the post-Merge split, various parties have expressed support or opposition to Ethereum Proof-of-Work (ETHW). Among the most prominent voices are stablecoin issuers and exchanges. Notably, major stablecoins like USDT and USDC have voiced their support for Ethereum Proof-of-Stake (ETH PoS).

Stance of Various Projects on Ethereum PoW

Regarding exchanges, most have adopted a neutral stance. They have indicated their support for the Ethereum 2.0 upgrade but have left open the possibility of listing ETH PoW forks. Binance, for instance, has issued a similar statement.

As of the afternoon of August 15, 2022, FTX has finally weighed in on the matter.

Specifically:

• FTX anticipates that ETH PoW forks will emerge after Ethereum’s Merge on September 15-16.
• FTX will evaluate and decide on distributing hard fork tokens to users.
• The exchange will assess the decision to list forked projects based on its criteria.
• The ETH code used on FTX will be for Ethereum Proof-of-Stake, the “official” project of Vitalik Buterin and the Ethereum Foundation.

Thus, FTX asserts that only ETH PoS is the “genuine article” but leaves open the possibility of listing forked projects if deemed appropriate.