20 July 2026
Crypto Exchange Binance To Suspend ETH Deposits & Withdrawal During Merge
The leading crypto exchange, Binance has already shown its support for Ethereum Merge, scheduled for next month. Binance has shared an update on what users should expect when The ETH Merge greets them.It included the suspension of deposits and withdrawals of ERC-20 tokens. The platform will suspend deposits and withdrawals on September 6th and 15th.
In yesterday’s announcement, Binance released a notice regarding Ethereum Merge. Binance stated that it would be taking steps to mitigate the risks that the upgrade would bring. The platform listed sets of actions it would take when The Merge eventually occurs.
“Binance mentioned that it would be suspending deposits and withdrawals of ETH and all ERC-20 tokens. This suspension will occur on two occasions, during the Bellatrix consensus layer upgrade and the Paris execution layer upgrade. Both upgrades are likely to respectively occur at 11 AM (UTC), on September 6; and at 12 AM, September 15.”
The exchange assured that it would reopen the normal deposits and withdrawals post-Merge if Ethereum Merge does not result in the creation of any new tokens but if separate chains are formed, Binance said it would use the ”ETH” ticker for the PoS chain. Also, users will receive a forked token at a 1:1 ratio.
No other services with ETH will be affected. Nonetheless, Binance will suspend ETH borrowing and deposits and withdrawals of BETH (staked ETH on Binance). In addition to this, post-Merge, the Binance Pool will remove the ETH mining service.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice
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