Ethereum (ETH) deposits to be temporarily suspended on Binance on this date, here's why ETH $ETH
However, the trading of tokens on the Ethereum network will not be affected during wallet maintenance. It will reopen deposits and withdrawals after the maintenance is complete but will not notify users with a further announcement.In a separate announcement, Binance says it will support the Ethereum network's Shapella upgrade.
Staked ETH withdrawals will be made possible by the Shanghai upgrade, also known as"Shapella," which completes Ethereum's entire transition to a proof-of-stake network. The long-awaited Shanghai hard fork has an April 12 target date, according to Ethereum developers.Binance offers the expected schedule of the Ethereum network's Shapella upgrade as epoch 194,048; it is estimated to occur on April 12 at 10:27 p.m. .
Deposits and withdrawals for ETH, OP, ARB and ERC-20 tokens via the Ethereum , Optimism and Arbitrum networks will be suspended approximately starting from April 12 at 10:20 p.m. . In other improvements, Binance says it will be increasing the minimum unlock count of deposits on the Ethereum network from the current 12 blocks to 64 blocks following the Shapella upgrade.
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