Crypto derivatives exchange BitMEX will launch a futures product based on ETHPoW tokens of a potential fork of the Ethereum blockchain, after the mainnet moves to the Proof-of-Stake (PoS) consensus algorithm.

🚨It’s just 🚨

A brand new ETHPOW futures contract drops tomorrow on BitMEX:$ETHPOW $USDT

Contract details👇https://t.co/CuahDsXqTX pic.twitter.com/d1PAdYuqyh

— BitMEX (@BitMEX) 8 August 2022

Futures under the code ETHPOWZ22 are set in Tether (USDT) and provide users with 2x leverage.

“This is a highly speculative contract (ETHPoW is not yet available and may never appear),” the statement said.

The product is already available on testnet.

The idea for a fork was proposed in July by influential Chinese miner Chandler Guo, with the advent of an Ethereum fork that will continue to work on the Proof-of-Work (PoW) algorithm. The resulting ETHPoW asset will allow miners of the second-largest cryptocurrency to continue working, with the mainnet capitalized after its merger with Beacon Chain, scheduled for September.

ethpow coming soon pic.twitter.com/v9eAbWO2BZ

– Chandler Guo (@ChandlerGuo) 27 July 2022

Poloniex also announced support for the Ethereum PoW fork on August 8 and listed ETHPoS (ETHS) and ETHPoW (ETHW) tokens. The MEXC Global platform did the same.

MEXC will support #Ethereum upgrade and potential hard fork.

All MEXI $ETH holders will receive the forked assets at a ratio of 1:1 when the upgrade is complete.

Details: https://t.co/nY06CPNB2O pic.twitter.com/HeFyIPuO3v

— MEXC Global (@MEXC_Global) August 5, 2022

Both assets exist in the form of debt securities (debenture) is given as a 1:1 fixed to the base cryptocurrency ETH. According to CoinMarketCap, ETHPoS is trading around $1,648 at the time of writing and Ethereum is around $1,783. ETHPoW prices are close to $135.

Huobi said it will take steps to support a potential fork once it has “obtained a general picture of user sentiment” and if the assets follow the listing guidelines.

🔥#huobi has seen recent debates about its potential. #Ethereum hard forks.

We take an objective and impartial attitude towards the principle of securing your assets and will take the first step to support the hard fork once we get a general picture of users’ opinions. pic.twitter.com/yirsYxMASE

— Huobi (@HuobiGlobal) August 5, 2022

swaps Digifinex and OKX It has also begun to evaluate the effects of a possible Ethereum fork.

Gate.io platform will start trading ETHS and ETHW tokens on August 9th.

https://t.co/8kWqgEeplL Will Support #ETH Potential Hard Fork and List #ETH and the “Candy” Icon #ETHW

▶️Trade Start: 12:00, August 9, 2022 (UTC+8)
▶️Trading Pairs:
ETHS/USDT, ETHS/ETH
ETHW/USDT, ETHW/ETH

More details: https://t.co/EL1LIdzkeo pic.twitter.com/RkGHpXaxMT

– Gate.io (@gate_io) August 7, 2022

Recall that the developers of the decentralized oracles network said that Chainlink will not support the Ethereum fork in the PoW algorithm of the protocol.

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