FTX to Halt ETH Deposits & Withdrawals on SOL, BSC, and Arbitrum
Cryptocurrency Exchange News Ethereum PalitanFTX para Ihinto ang ETH Deposits & Withdrawals sa SOL, BSC, at Arbitrum09 / 05 / 2022Balita ng Ethereum ng Bitcoin FTX Crypto Derivatives Exchange recently anounced suspending deposits and withdrawals on multiple networks. These blockchains include Solana, Binance Smart Chain, and Arbitrum One. The step will be undertaken to prepare for the upcoming Ethereum Merge. Here is a quick overview of the timeline for the suspension:- Arbitrum One: 7th September at 00:00 UTC Binance Smart Chain: 15th September at 00:00 UTC Solana Wormhole: 15th September at 00:00 UTC The transactions will reopen on these networks after the Merge, and FTX deems it stable. Seeing how prominent ETH is in the blockchain space, FTXs support for its Merge was much-needed. Shortly after the anouncement, traders looked for Mga pagsusuri sa FTX to assess its reliability and functionalities. The platform released an official post on its website to inform users about the Merge and the timeline. Besides the dates, FTX also mentioned reserving every right to update the timeline at any moment. Users were also notified to keep track of the timeline and manage their positions. As the crypto market has witnessed several times, major network updates and Merges bring sudden price fluctuations. Thus, traders should