Binance stated that consumer requests for withdrawals, as soon as submitted, can’t be canceled and the method could also be sluggish initially, requiring 15 days to a number of weeks for completion. Customers will obtain redeemed ether of their spot wallets and pending BETH tokens locked in pending ETH withdrawal requests will not be eligible for staking rewards. BETH is a wrapped token issued by Binance which is 1:1 pegged to ETH on the Ethereum blockchain.

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