Cryptocurrency exchange Binance will open ETH withdrawal from staking from April 19 at 08:00 UTC.
Users who have staked Ethereum through the exchange will be able to redeem coins using the BETH token at a 1:1 ratio. The company has added that each customer will set daily redemption limits.
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According to the exchange representatives:
"Initially, it may take 15 days to several weeks before users’ ETH withdrawal requests can be fully processed."
The announcement has come a couple of hours after the Shapella hard fork was activated on the Ethereum mainnet, which took place at epoch no. 194,048. The developers have noted that, despite "a couple of missed blocks," the update has been generally successful.
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After the hard fork, the price of ETH has tested the $2,000 mark, and is currently trading above $2,100.