Binance Enables ETH Withdrawals and BETH Redemption
Binance Starting Ethereum Withdrawals Crypto exchange Binance in a tweet on April 19 revealed that it is enabling the withdrawal function for ETH 2.0 staking. The participants who staked Ethereum with Binance can redeem ETH with their BETH holdings at a 1:1 ratio from the ETH 2.0 staking page. After availing an ETH withdrawal request, users can’t cancel their requests after submission. Due to processing limitations on the Ethereum network, staked ETH withdrawals request can take 15 days to several weeks. While making a withdrawal request, a customer can view the expected distribution date. As per a new update by Binance customer support, users will be able to get their ETH faster than earlier expected due to shorter timeframe processing. “We completed the ETH 2.0 withdrawal process ahead of schedule. While initial estimates suggested it could take 15 days to several weeks, we made the process completed in a shorter timeframe! so our users are able to access their fun...