EOS Countdown – These exchanges support the MainNet token swap

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A number of cryptocurrency trading exchanges have announced their support of the so-called EOS token swap on June 1 2018, whereby your EOS tokens that are currently still on the Ethereum network will be transferred to the new EOS MainNet that is set to launch on June 2, 2018. If you do not hold your EOS or eosDAC ERC20 tokens with a supportive exchange, you need to register your Ethereum address with an EOS public address to receive the coins on the EOS network. 

Countdown to MainNet

The EOS MainNet is scheduled to go live within  3 Days, 5 Hours and 5 Minutes at the moment of writing this news. At exactly 22:59:59 UTC on June 2nd, EOS tokens will become frozen on the Ethereum blockchain and the MainNet launch will occur shortly afterwords. Traders have been advised to either move the tokens to an exchange supporting the EOS token swap before June 1 or registering their EOS tokens.

 

Big cryptocurrency exchanges supporting the EOS token swap

  1. Kraken

     

  2. Bithumb 

     

     

  3. Binance – EOS deposits and withdrawals will be suspended from May 31st, 0:00 am (UTC) and the swap will be initiated. The exchange also added two more trading pairs for EOS: EOS/BNB and EOS/USDT

     

  4. Bitfinex exchange updated all users recently with the following message

     

  5. Kucoin exchange made the announcement via its twitter page and gave similar instructions of halting withdrawals and deposits on the 31st of May.

Smaller exchanges followed announcing their support of the token swaps, such as

  • Cobinhood
  • BigONE exchange
  • Bitbns 
  • OCTBTC
  • CoinSpot 
  • OKEx
  • BitMart 
  • Mercatox
  • Zebpay

Exchanges are charging for the token swap

It is worth noting that most exchanges are charging between $30 and $40 for this token swap. Traders seeking to control the fee have been taking their tokens off exchanges and managing the swap offline or have been trying to negotiate with exchanges such as the Italian EOS community with Kraken here:

 

Avoiding the token swap via CFD brokers offering EOS

Traders who are interested in trading EOS can avoid the token swap by using so-called contracts-for-difference (CFDs) which are safely regulated in the EU and forbidden in the U.S.

Among the largest CFD brokers offering EOS are

  • EXANTE (offers EOS at $0.1 spread) and 
  • eToro

Disclaimer: Trading is risky. This news article does not constitute financial advice. It is recommended to learn to trade and invest to make your own decisions or seek independent advice.

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