This is an update on Ethereum’s London hard fork scheduled for Aug 5th. As this is a major development on the Ethereum network. Here are the steps CoinSwitch Kuber is taking to support it:
The hard fork is scheduled for approx at August 5th 5:25 PM IST (at block height 12,965,000). We would disable all ETH and ERC20 tokens deposits 3 hours before (from 2:25 PM IST) the hard fork. Please ensure that you leave sufficient time for your ETH and ERC20 token transfers to be fully processed by us prior to the above time.
This will not affect the trading of ETH and ERC20 tokens on CoinSwitch Kuber. But we expect volatility in price during hard forks so please be cautious while trading during this period.
A hard fork may result in a new coin as well. CoinSwitch Kuber reserves the right to decide to support the new coin. We will keep you posted on any developments that would occur. Stay tuned.
For further information, please refer to the following:
Team CoinSwitch Kuber