Binance released a statement regarding the Ethereum Shanghai upgrade, announced the exchange will support withdrawals for staked $ETH within one week after the upgrade completes. Users will be able to redeem $BETH to $ETH on a 1:1 basis at Binance's $ETH staking page.
Binance said that, due to the processing limitations on the Ethereum network, it will set a daily $ETH redemption quota for each user.
Previously, Ethereum core developers confirmed that the Shanghai upgrade will be triggered on the mainnet on April 12th at 10:27pm UTC.
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