Justin Sun: Listing ETHW IOU does not imply support for a specific fork proposal; Binance and FTX are still evaluating.
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Justin Sun, the founder of Tron, made a significant move by supporting IOU trading for the PoW ETH fork coin on his exchange Poloniex (which is essentially a futures market as the token does not exist yet). Sun also stated that he would donate the forked coins he holds to the PoW ETH community.
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Binance and FTX Take a Wait-and-See Approach to Forked Coins
Furthermore, the two major exchanges, Binance and FTX, have both stated in their announcements that they are still evaluating whether to list the trading of forked coins.
- Binance indicated its support for the Ethereum merger proposal, but stated that if new forked tokens are created, they will evaluate whether to support the distribution and withdrawals of those tokens. Listing will undergo a strict evaluation process.
- FTX stated that after the merger, one or more forks may occur; they will evaluate whether to support the distribution of these tokens, and if they do, they will distribute based on FTX ETH user balances. The decision to list forked tokens will also be evaluated.
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