$ETH withdrawal requests may take up to 15 days to several weeks to be fully processed, binance said. godbole17 reports
Binance announced Thursday that users who staked ether through the exchange will be able to redeem coins with their BETH holdings on a 1:1 basis starting from April 19, 08:00, opening withdrawals of more than 18 million ETH staked in the blockchain since late 2020.
Binance said that user requests for withdrawals, once submitted, cannot be canceled and the process may be slow initially, requiring 15 days to several weeks for completion. Users will receive redeemed ether in their spot wallets and pending BETH tokens locked in pending ETH withdrawal requests won't be eligible for staking rewards. BETH is a wrapped token issued by Binance which is 1:1 pegged to ETH on the Ethereum blockchain.
"The expected distribution date of redeemed ETH will be shown before users confirm their withdrawal requests. Users can refer to the most updated ETH distribution date at
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