Crypto exchange Coibit prepares for the launch of Ethereum 2.0

The coibit.net exchange spoke about the preparation for Ethereum 2.0, the launch of the zero phase of which should take place today, January 11.
The European crypto exchange will offer customers a service for converting ETH1 to ETH2, as well as the possibility of staking new coins.

coibit.net” intends to support ETH2 through staking and trading. Users of the platform will be able to convert ETH in their coibit accounts and receive rewards for staking.”

The ability to exchange tokens of the old and new versions will appear in early 2021, despite the fact that ETH2 coins will be blocked in the system until phase 1.5. The launch of the latter is not expected until 2022.
“Although Ethereum 2.0 tokens remain locked in the Beacon chain, coibit.net will make trading between ETH2, ETH, and all other supported cryptocurrencies available, providing liquidity for our customers,” the company explained.

The asset presented will be a derivative backed by the coins held by coibit.net.

Recall that the balance of the Ethereum 2.0 deposit contract exceeded the threshold required for the launch of the zero phase a week ago. At the time of writing, 27,273 validators have contributed 872,992 ETH, which is 66.5% higher than the stated goal.