The Ethereum (ETH) Hard Fork

The Ethereum Foundation has proposed a hard fork in response to the sustained denial of service attacks to the Ethereum network. The hard fork will occur at block 2463000. The fork will happen around Tuesday, October 19th at 00:45:00 AEDT.

As a BTC Markets customer, your full Ethereum balance will be automatically migrated to the winning chain and you do not have to do anything.

Be advised that deposits and withdrawals will be temporarily suspended before and after the fork (at 23:00 Oct 18th AEDT), however, trading will continue as per usual. If you do not want your Ethereum balance to be automatically migrated to the winning chain, we advise withdrawing your funds prior to this date.

Once the winning chain is up and running, deposits and withdrawals will resume. The losing chain will be decommissioned and will not be supported by BTC Markets and it will not be possible to get your balance back from the old chain.

More information can be found here

The BTC Markets Support Team

 

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The Ethereum Hard Fork (Ethereum classic)

The Ethereum Foundation has proposed a hard fork in response to the DAO exploit. The decision to create this hard fork has been supported by the majority of the Ethereum community. The hard fork will occur at block 1,920,000. This will be on Wednesday, July 20th (Australian Eastern Standard Time).

As a BTC Markets customer, your full Ethereum balance will be automatically migrated to the winning chain and you do not have to do anything.

Be advised that during the migration on Wednesday July 20th, deposits and withdrawals will be temporarily suspended. If you do not want your Ethereum balance to be automatically migrated to the winning chain, we advise withdrawing your funds prior to this date. Trading will continue as per usual.

Once the winning chain is up and running, deposits and withdrawals will resume as normal. The losing chain will be decommissioned and will not be supported by BTC Markets.

Ethereum Hard Fork Countdown

Introducing Ethereum to BTC Markets

Ethereum is a cryptocurrency and a blockchain platform with smart contract functionality. Very recently Ethereum has exceeded $1 billion USD in market capitalisation. This makes it a strong contender to Bitcoin with a growing potential. At BTC Markets we are excited about Ethereum and the innovation potential surrounding it. Decentralised Ethereum applications (DAPPS) are already doing things like insurance, healthcare, social networking, micro payment processing, music streaming, crowd funding, advertising, credit rating, carbon offsetting, KYC, Uber and even managing entire organisations (Decentralised Autonomous Organisations (DAOs). A more comprehensive list can be found here – http://dapps.ethercasts.com/

A new Market for Ethereum
BTC Markets will be the first to launch a full AUD/ETH marketplace. This will be the first to have an Australian dollar directly pegged against the value of an Ether Coin. We have also launched a BTC/ETH pair for the convenience and liquidity of international traders who want to trade ETH quickly without having to deal with AUD and verification.

New Fee Structure for BTC Markets
All BTC Markets now have a flat 0.22% trading fee. AUD Markets will still have the volume discount model that can be discounted to 0.1%