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The post Binance Implements Faster Processing for ETH Staking Withdrawals appeared first on Coinpedia Fintech News
Binance will reduce ETH Staking withdrawal processing time to five days from May 18th, 2023, in response to user feedback. Further reductions are planned. The processing depends on total ETH withdrawals and the Ethereum network. Users cannot cancel requests, and BETH tokens in pending withdrawals won’t earn rewards. Expected distribution dates are provided before confirming withdrawals. Redeemed ETH will be returned to Spot Wallets after full processing. Binance sets a daily ETH redemption quota due to network limitations.
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