Nakamoto for Exchanges
What does the Nakamoto upgrade mean for exchanges?
The main thing exchanges will notice when the Nakamoto rollout is complete is the faster blocks! Gone are the days of waiting for Bitcoin blocks for confirmations. In addition to fast blocks, exchanges will benefit from:
Smoother block production
No forking at the Stacks layer, once a transaction is confirmed in an anchor block, it is as irreversible as a Bitcoin transaction (and therefore, can update confirmation rules (number of confirmations) to match Bitcoin's)
For exchanges offering Stacking pools, likely increased BTC rewards thanks to MEV improvements
Other Recommendations:
With just a bit of extra work, exchanges can support the Stacks SIP-10 token standard. This allows an exchange to easily list any of a growing number of tokens built on Stacks as well as the upcoming sBTC asset.
Exchanges that already offer staking type services to their users (programs often called Earn/Stake/etc.) should consider adding Stacking to their platform alongside other offerings. Users can earn BTC by participating in Stacks consensus through a simple pool.
The Stacks Foundation is seeking a handful of exchanges to pilot rapid BTC withdrawals via the upcoming sBTC asset, expected to closely follow the Nakamoto hard fork. Interest exchange can reach out to their usual point of contact or complete this form.
Resources:
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