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/biz/ - Business & Finance

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54586688 No.54586688 [Reply] [Original]

Around 1 million ETH valued roughly $2 billion are pending withdraw. 63% of this is from Kraken, wich had its staking services suspended by the SEC. Lido has yet to open withdrawls, accounting for 31% of the staked ETH. Coinbase accounts for 11% and Huobi for 5%. Binance announced that users will be able to redeem coins with their BETH holdings on a 1:1 basis starting from April 19.

>> No.54587330

Binance noted that once users submit withdrawal requests the initial processing may take anywhere from 15 days to several weeks. The exchange also mentioned that each user would have a daily redemption quota, taking into account processing limitations on the Ethereum network, and this quota is subject to change.

>> No.54587495

Justin Sun has transferred a sum of 2200 ETH to Binance

>> No.54587552

>>54586688
What are we supposed to extrapolate from this? A bunch of this ETH will go into staking at decentralized staking solutions like RPL??

>> No.54587575

>>54587495
justin sun is a retard, by all means copytrade him