Coinbase to Temporarily Suspend Ethereum (ETH) Deposits and Withdrawals Ahead of Factra Upgrade
JH Kim
Summary
- Coinbase announced that it will temporarily suspend deposits and withdrawals in preparation for the Ethereum (ETH) Factra upgrade.
- The suspension period is from 2:50 AM to 3:45 AM on the 7th, citing the safety of user funds.
- There will be a delay in new staking applications, but existing positions will not be affected.
According to the global cryptocurrency exchange Coinbase, the Ethereum (ETH) Factra upgrade is scheduled for 3:05 AM on the 7th (local time). To ensure the safety of user funds, deposits and withdrawals of Ethereum will be temporarily suspended from 2:50 AM to 3:45 AM. New staking applications will be delayed until after 3:45 AM, but existing positions will not be affected.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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