Binance To Allow ETH 2.0 Staking Withdrawals After Shapella Upgrade
With the Shanghai and Capella upgrades getting closer and closer, exchanges and platforms are also starting to move. Binance was one of the first exchanges to stay ahead. Since the future Ethereum Shanghai and Capella upgrades (Shapella upgrade) will enable ETH staking withdrawals, Binance will enable ETH redemptions on the ETH 2.0 Staking page within one week of the function being accessible on the Ethereum network.
The exchange said that after the Shapella upgrade is complete, it will notify users more specifically. Binance was one of the first exchanges to announce support for the Shapella upgrade, earlier in Ethereum’s previous The Merge upgrade, The exchange has also supported staking ETH using the Proof-of-Stake (PoS) mechanism. Binance will implement daily ETH redemption limits for each user due to processing constraints on the Ethereum network. A waiting list for ETH redemption is also predicted, according to the exchange.
Source
https://t.me/Crypto_Futures_Trading
