This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Following feedback from the community, Binance will reduce the processing time for ETH Staking withdrawal requests to five days, effective from 2023-05-18 08:00 (UTC). This is a large decrease from the initial processing time required (i.e., 15 days).
Binance will work actively to further reduce the processing time for ETH Staking withdrawal requests to better accommodate usersâ needs. Â
Notes:
The time required to fully process ETH Staking withdrawal requests is determined by the overall amount of ETH withdrawals requested by participants and the Ethereum network, and is therefore subject to change. There will be no further announcement on changes to the processing time for ETH Staking withdrawals, where applicable.
Users cannot cancel their ETH withdrawal requests after submission.
The BETH tokens locked in pending ETH withdrawal requests will not generate any ETH Staking rewards.
The expected distribution date of redeemed ETH will be shown before users confirm their withdrawal requests. Users can refer to the expected ETH distribution date at Staking History.
The redeemed ETH will be returned to usersâ Spot wallets when their respective ETH withdrawal requests are fully processed.
Due to the processing limitations on the Ethereum network, Binance will set a daily ETH redemption quota for each Binance user. The daily ETH redemption quota is subject to change.
More information can be found on ETH Staking Terms of Use and the FAQ section on ETH Staking.
Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.
Thanks for your support!
Binance Team
2023-05-11
Trade on-the-go with Binanceâs crypto trading app (iOS/Android)Â
Find us onÂ
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.