Ethereum Merge Could Cause High Volatility, Bitmex CEO Says

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Ethereum Merge Could Cause High Volatility, Bitmex CEO Says


Ethereum – Alexander Höptner, the CEO of crypto exchange BitMEX,  recently shared how their trading platform is preparing for the Merge, talked about the potential of institutional adoption after the transition to proof-of-stake (PoS), and gave his thoughts on Bitcoin (BTC) and Ether (ETH). According to Höptner, besides checking all the standard company preparation boxes ahead of major events, the most important thing is to pay attention to what could happen and ensure their services are running.

“You have to be awake and see what happens. High volatility is possible, so you must ensure the service is up and running. However, no major disruptions are expected besides volatility, he added.

Regarding the  Proof-of-Work (PoW) fork, he said that a fork could be good as long as a strong community backs it. Höptner pointed out that the significant risk for the fork is not having enough support from miners.



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The Pipsafe Team -Latest Bitcoin news


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