Binance will support unstaking of ETH from after the Shapella hard fork
Support will be available for one week after the upgrade
17.03.2023 - 13:45
933
2 min
0
What’s new? Cryptocurrency exchange Binance will support the withdrawal of ETH from staking for one week after the release of the Shapella (Shanghai-Capella) upgrade on the Ethereum blockchain. More details will be provided in a separate announcement after the completion of the hard fork. Due to processing limitations on the Ethereum network, the exchange will set a daily ETH redemption limit for each user.
What else is known? Users who have blocked coins in staking will be able to exchange BETH for ETH at a 1:1 ratio once unblocking becomes available on the Ethereum network.
The Binance team has warned of a possible queue to redeem ETH, as the time it takes to process the request is determined by the demand at the time the request is made, as well as the Ethereum network.
Staking ETH on Binance with rewards in BETH will remain available after Shapella's release, according to the blog.
Fantom Foundation announces the release of a new version of the mainnet
The upgrade has significantly improved blockchain performance
On March 15, the upgrade was released on the Goerli testnet, and the developers reported a number of problems. Some validators did not upgrade the software in time, which caused difficulties with deposit processing.
The activation of Shapella on the mainnet will allow ETH coins to be withdrawn from staking. According to cryptocurrency tracker Dune, more than 8,5 million ETH were blocked in special wallets as of March 17. As of 13:50 UTC, the asset is trading at $1734, having gained 5,33% in a day, according to Binance.
Useful material?
Market
Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000
Dec 16, 2024
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024