FTX Halts Ethereum Trades On Arbitrum, Solana, BSC Ahead Of The Merge
Because Ethereum developers promised no downtime during The Merge, one of the most anticipated Ethereum updates, crypto community members optional to take proactive actions to protect investor assets. One of them is FTX, and the exchange has declared that all Ether (ETH) exchanges on various blockchains would be suspended until the September upgrade is completed.
The Merge, according to Ethereum developers, is meant to move to PoS with zero downtime due to the total terminal difficulty (TTD), which ensures the transition based on the total mining power that goes into establishing a chain. Despite the explanation, FTX decided to halt “deposits and withdrawals until the Merge is finished and networks are stable.”
The trade suspension for Ethereum on several blockchains has been scheduled to begin at various times but is subject to change depending on anticipated issues.
This is the first move in the major exchanges to prepare for the biggest update of the Ethereum network, it is not clear if Binance or Coinbase and other exchanges have the same move however, most platforms support PoS chain after The Merge.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Author
News
FTX Halts Ethereum Trades On Arbitrum, Solana, BSC Ahead Of The Merge
Because Ethereum developers promised no downtime during The Merge, one of the most anticipated Ethereum updates, crypto community members optional to take proactive actions to protect investor assets. One of them is FTX, and the exchange has declared that all Ether (ETH) exchanges on various blockchains would be suspended until the September upgrade is completed.
The Merge, according to Ethereum developers, is meant to move to PoS with zero downtime due to the total terminal difficulty (TTD), which ensures the transition based on the total mining power that goes into establishing a chain. Despite the explanation, FTX decided to halt “deposits and withdrawals until the Merge is finished and networks are stable.”
The trade suspension for Ethereum on several blockchains has been scheduled to begin at various times but is subject to change depending on anticipated issues.
This is the first move in the major exchanges to prepare for the biggest update of the Ethereum network, it is not clear if Binance or Coinbase and other exchanges have the same move however, most platforms support PoS chain after The Merge.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Other Posts
Related Posts
Latest
Bonk (BONK) Price Jumps 175% in November, Could Shiba Inu (SHIB) and Rexas Finance (RXS) Be the Next to Break Out?
TON Hacker House Bangkok Draws 300+ Global Developers and 70+ Demo Submissions, Highlight the TON Ecosystem at Devcon Thailand, Powered by TONX
Press Release
Bonk (BONK) Price Jumps 175% in November, Could Shiba Inu (SHIB) and Rexas Finance (RXS) Be the Next to Break Out?
