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Withdrawals Post-Shapella Could Take Weeks On Binance

Binance GoPlus Security

The cryptocurrency exchange Binance disclosed that the processing of Ethereum withdrawal requests could take several weeks. This declaration comes simply a day after the Shapella overhaul went live on the Ethereum mainnet. One of the most anticipated crypto events for 2023 is Ethereum’s Shapella upgrade, which now enables ETH validators to withdraw their locked funds. However, due to the processing limitations of the Ethereum network, Binance stated that it needed to set a daily redemption limit for each user. On Binance, ETH withdrawals may take up to 15 days Binance, the world’s largest cryptocurrency exchange by trading volume, has declared

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