Binance gives update on ETH PoW as it resumes ETH withdrawals after Merge EthereumMerge Crypto
The top crypto exchange goes further to give updates on the potential ETH PoW chain. It says that if the potential Ethereum proof-of-work chain is successfully implemented, eligible users will be credited ETHW at a ratio of 1 ETH=1 ETHW in their Spot wallets, based on their net ETH balances across eligible wallets at the snapshot time as of the time of Merge.
, Binance temporarily suspended ETH and ERC-20 token deposits and withdrawals during the Bellatrix update on Sept. 6, while it said that it would temporarily suspend BETH deposits and withdrawals starting on Sept. 14, and ending at 12 noon UTC on Sept. 16.This might imply that BETH deposits and withdrawals remain suspended on the network until Sept. 16. It was also stated then that"ETH 2.0" staking on Binance would continue after the proof-of-stake transition.
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