Binance to suspend ETH and ERC-20 deposits and withdrawals during Merge

Binance to suspend ETH and ERC-20 deposits and withdrawals during Merge

The cryptocurrency exchange will look to provide stability during Ethereum's Merge with the Beacon Chain by instituting a number of temporary measures. Cryptocurrency exchange Binance will suspend deposits and withdrawals of Ether (ETH) and ERC-20 tokens during the blockchain's transition to its proof-of-stake (PoS) Beacon chain in September.The world's largest exchange by transaction volume announced the move in a bid to provide stability during ‘The Merge’ which is touted to take place in mid-September 2022. Binance becomes the second major exchange to announce the suspension of ETH....


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Why Binance Will Suspend Ethereum And Wrapped Ether Wallet Services Ahead Of ...

Per an official post, crypto exchange Binance will take extra precautions during Ethereum’s “Merge”. The platform announced a halt in ETH deposits and withdrawals across multiple networks starting tomorrow September 6th, 2022, at 2:00 UTC. Related Reading: Shiba Inu Whale Adds More Than $22M SHIB, Is A Reversal In The Works? Users will be unable […]

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