Cryptocurrency exchange Bybit shared a statement regarding “The Merge,” and concerns about the Ethereum mainnet merging with the proof-of-stake chain Beacon, which is planned for September 2022.
Through said document, Bybit assured that it was prepared for the possibility of hard forks, and made it clear that the prices of ETH in the various Bybit product lines (spot, futures, perpetual contracts, options and Bybit Earn) Proof-of-Stake (POS) ETH prices will follow after The Merge.
In this sense, they pointed out that they guaranteed, according to them, a smooth transition in the entire set of products offered on the exchange and that the positions of the users would not be negatively affected by the update on the network.
“Options traders on Bybit will be fully assured that no adjustments will be imposed on ETH option strike prices in the event of hard forks. ETH options will follow Bybit’s standard settlement and delivery procedure, based on the proof-of-stake ETH dollar value. This covers options listed before and after The Merge”reported Bybit.
Likewise, they stated that if a situation arises in which forked tokens are generated, they will not offer any until their security and risk management teams assess the feasibility of listing the new tokens on the platform at a later date.
“If such tokens meet the requirements, Bybit will support their airdrop, deposit and withdrawal,” they concluded.
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