Binance To Allow Ether Staking Withdrawals From April 19

Binance has announced that as of April 19, users who staked ether (ETH) through the exchange will be able to redeem coins with their BETH holdings on a 1:1 basis.

BETH is a wrapped token issued by Binance which is 1:1 pegged to ETH on the Ethereum blockchain.

Binance’s announcement came hours after Ethereum implemented the Shanghai upgrade, 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.

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