FTX, one of the world’s highest-volume cryptocurrency exchanges, announced that it will stop Ethereum transactions from side networks during the Merge update.
Ethereum developers, Ethereum network proof of work (PoW) from the system proof of stake (PoS) during the Merge update that will migrate there can be no interruption commits. However, FTX does not allow deposits and withdrawals from side networks until the Merge is complete and the networks are stable. will suspend explained. FTX, September 5 He shared the timelines in the announcement he made on his official website.
According to the published charts, Arbitrum One September 7 on, Solana (SOL) and Binance Smart Chain (BEP20) on September 15 on at 03:00 CET will be closed to deposits and withdrawals. According to the company’s statements, deposits and withdrawals will be reopened once the update is complete and the networks are fully stable.
As experts get closer to the update other major exchanges states that they can go to short-term cuts.