Binance Enables Withdrawal Option for ETH 2.0 Staking: Details

Binance enables staked Ethereum (ETH) withdrawal after Shapella upgrade Ether $ETH

Binance says that as the ETH staking withdrawal takes effect, initially, it may take 15 days to several weeks before users' ETH withdrawal requests can be fully processed. The time it takes to process ETH withdrawal requests may be determined by the overall amount of ETH withdrawals requested by participants as well as by the Ethereum network.

The crypto exchange says that the expected distribution date of redeemed ETH will be shown before users confirm their withdrawal requests. Due to processing limitations on the Ethereum network, Binance says it will set a daily ETH redemption quota for each Binance user, which might be subject to change.

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