Binance Will Reduce the Processing Time for ETH Staking Withdrawals
This is a general announcement. Products and services referred to here may not be available in your region.
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 users’ needs.
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 users’ 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.
Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.