Binance To Delay Staked Ethereum Withdrawals After Shanghai Upgrade

The world’s largest crypto exchange Binance on Friday announces support for the Ethereum Shanghai and Capella (Shapella) upgrade and will process staked Ethereum withdrawals. However, the staked ETH withdrawals from the crypto exchange will be delayed for a week after the Shanghai upgrade on the mainnet scheduled on April 12.

According to an official announcement on March 17, Binance will support the Shapella upgrade and commence the staking withdrawals of ETH from the ETH 2.0 Staking page a week after the upgrade is successful. It means that staked ETH withdrawals will be delayed for a week by Binance.

(By Varinder Singh)

Ethereum $2,949.78

-2.02%

Binance Shanghai upgrade

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