Crypto Trader Says He Is Immediately Bullish On Ripple s XRP

The major US exchanges Coinbase and Kraken are among the latest organizations and exchanges to confirm their support for Ethereum‘s (ETH) Constantinople hard fork, according to their official announcements on Twitter yesterday which are in the focus of today’s crypto news.

With this, Coinbase and Kraken join Binance, Huobi and OKEx in pledging to monitor the event which will trigger at Ethereum block height 7,080,000 and is expected this week. As Coinbase’s staff  wrote in the post:

“Coinbase intends to support the Constantinople Ethereum (ETH) upgraded. 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.”

Kraken also confirmed the support of Constantinople in a tweet, adding that the exchange “expects that this will be a non-contentious fork” and will not spark competing ETH chains like the Bitcoin Cash hard fork which occurred in November.

“Kraken will be supporting this. No new coins will be credited to ETH holders as we expect the old chain will quickly become obsolete,” the exchange said on Twitter.

Meanwhile, ETH/USD has been seeing short-term support in the run-up to the hard fork, seeing the largest gains in the top twenty cryptocurrencies over the past 24 hours and surging by 8.7%.