Binance, one of the main names of cryptocurrency exchanges, announced that it will support Ethereum (ETH) staking from April 19th.
Binance announced today that users who stake Ethereum (ETH) via the exchange will be able to use coins at a one-to-one rate with their BETH holdings starting April 19 at 08:00 (UTC). The announcement came after Ethereum’s overnight Shapella upgrade. With the withdrawal of more than 18 million ETH on the blockchain, vitality has been observed in the Ethereum ecosystem and exchanges. ETH, one of the leading names in the industry, continues to stand out globally.
Shapella Enthusiasm on Ethereum
The update, which took place successfully in the night of April 13, also pioneered many changes in the crypto industry. Binance made a statement on the subject; “User withdrawal requests will not be canceled once submitted. “We think the process can be slow at first and can take anywhere from 15 days to several weeks to complete.”
Also, prioritizing withdrawals and staking, Binance said, “Users will receive redeemed ETH in their spot wallets, and BETH tokens locked in pending ETH withdrawal requests will not be eligible for staking rewards.” said
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