Binance, the world's largest cryptocurrency exchange by trading volume, will temporarily suspend Ether (ETH) and ERC-20 token deposits and withdrawals to ensure network stability during Ethereum's transition from proof-of-work (PoW) to proof-of-stake (PoS).
Key Dates for the Merge
- Bellatrix Upgrade (Consensus Layer): September 6
- Paris Upgrade (Execution Layer): September 15
The suspension aims to mitigate risks during these critical upgrades, which collectively form The Ethereum Merge.
Binance’s Preparedness for Merge Scenarios
Scenario 1: Smooth Transition
- If no new token is created post-Merge, Binance will prioritize resuming ETH/ERC-20 transactions.
Scenario 2: Chain Split & Forked Token
If the Ethereum chain splits, Binance will:
- Label the PoS chain as ETH.
- Distribute the forked token from the minority chain (e.g., a potential PoW ETH) to users at a 1:1 ratio based on pre-Merge ETH balances.
- Announce withdrawal details separately.
👉 Stay updated on Binance’s Merge policies
Impact on Binance Services
| Service | Status During Merge (Sep 14–16) |
|---------|----------------------------------|
| ETH/ERC-20 Deposits/Withdrawals | Suspended |
| ETH Margin Borrowing | Suspended |
| ETH Spot Trading | Operational |
| ETH Futures (USDⓈ-M & COIN-M) | Operational |
FAQs
Q1: Will my ETH holdings be safe during the Merge?
A: Yes. Binance will safeguard all pre-Merge ETH balances and distribute any forked tokens accordingly.
Q2: Can I trade ETH futures during the Merge?
A: Yes. ETH futures contracts will remain tradable.
Q3: When will ETH deposits/withdrawals resume?
A: Binance will prioritize reactivation post-Merge, pending network stability.
Q4: How will Binance handle a potential chain split?
A: Users will receive forked tokens based on a pre-Merge snapshot.
👉 Explore ETH trading strategies post-Merge
Keywords
- Ethereum Merge
- Binance ETH suspension
- ERC-20 tokens
- Proof-of-Stake (PoS)
- Chain split
- Forked token distribution
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