Following the migration of the Ethereum blockchain to the Proof-of-Stake consensus algorithm, Binance has resumed deposits and withdrawals in Ethereum and ERC-20 tokens.
The Ethereum Merge was completed when the Terminal Total Difficulty (TTD) of 58750000000000000000000 today at 06:42:42 UTC.
Deposits and withdrawals for $ETH and ERC-20 tokens on the Ethereum Proof-of-Stake (PoS) chain are now open on #Binance. pic.twitter.com/y7Z2BoUuMM
— Binance (@binance) September 15, 2022
Recall that the platform suspended operations with assets on September 6 before the Bellatrix update “level of consensus” (Beacon Chain) and September 15th ahead of The Merge.
The Binance team wrote that the merger in Ethereum successfully completed. They also reminded that distribute among users of the token of the PoW fork of the blockchain after its launch. ETH holders will receive ETHW coins at a ratio of 1:1 based on a snapshot at the time of The Merge.
“This process usually takes two to five days,” the company said.
After verification, ETHW can be included in the listing of the platform. Support for the distribution of the token does not guarantee the launch of trading for it, the exchange team emphasized.