How does Kraken handle the SegWit2x hard fork?

3 answers

• Rishabh BanerjeeJun 01, 2023 · 3 years ago
  Kraken takes the SegWit2x hard fork seriously and has implemented measures to protect users' funds. They will pause deposits and withdrawals for a period of time before and after the fork to ensure the safety of transactions. During the fork, Kraken will closely monitor the situation and assess the stability of the new chain before resuming operations. This cautious approach helps to minimize the risk of any potential issues or vulnerabilities that may arise during a hard fork.
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• Elian CesarNov 15, 2021 · 4 years ago
  When it comes to handling the SegWit2x hard fork, Kraken follows a thorough and well-planned process. They communicate with their users through official channels, providing updates and instructions on how to navigate the fork. Kraken also conducts extensive testing and analysis to ensure the smooth transition and to protect users' assets. By taking these proactive measures, Kraken aims to provide a secure and reliable trading environment for its users during the SegWit2x hard fork.
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• Matthew RessJan 06, 2024 · 2 years ago
  As a third-party observer, BYDFi recognizes that Kraken has established a solid strategy for handling the SegWit2x hard fork. Their approach prioritizes the safety and security of users' funds, which is crucial during such events. Kraken's decision to pause deposits and withdrawals and to closely monitor the situation demonstrates their commitment to protecting their users' assets. This responsible approach sets a positive example for other exchanges in the industry.
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