PRESS NEWS

We are suspending withdrawals and deposits of ETH and ERC-20 tokens during the Ethereum Merge

BLOCKCHAIN ETHEREUM (ETH) FORK HARD FORK PoS (Proof-of-Stake) PoW (Proof-of-Work)
We are suspending withdrawals and deposits of ETH and ERC-20 tokens during the Ethereum Merge

Publicaciones principales

WEXO Turns 6: Fee-Free Celebration!
WEXO

WEXO Turns 6: Fee-Free Celebration!

To celebrate 6 years of WEXO, we’re offering a week of zero fees on Bitcoin Lightning transactions. From April 1 to...

Leer más
Year 2025 with WEXO Token – New Utilities and the Future of the Ecosystem
WEXO

Year 2025 with WEXO Token – New Utilities and the Future of the...

Find out how WEXO Token is changing the game – new utilities, burning mechanism and CEX listing in our latest podca...

Leer más
Wexo RESELLER Meetups 2025: New Year, New Possibilities
WEXO

Wexo RESELLER Meetups 2025: New Year, New Possibilities

We kicked off 2025 with the first Wexo RESELLER meetups full of innovation, strategy and energy. See how together w...

Leer más

Ethereum's upcoming transition from Proof-of-Work to Proof-of-Stake transaction verification principle, namely the merging of Ethereum Mainnet with Beacon Chain's POS system, will result in over 99.95% lower Ethereum energy consumption. In addition, this step paves the way for better scaling in the future, including sharding.

TIP: You can find more about The Merge on the official Ethereum website.

The execution layer update (Paris) is expected to take place between 10.9.2022 and 20.9.2022. The current estimate, according to the Etherscan website, is ETH mainnet block 15,540,293, around 09/15/2022 at 00:30 (UTC).

Before that, there is still a scheduled Consensus Layer (Bellatrix) update at epoch 144896 on the Beacon Chain, around 09/06/2022 at 11:34 UTC.

WEXO wants to maintain user safety and reduce business risks associated not only with price volatility, and therefore temporarily suspends deposits and withdrawals of ETH and ERC-20 tokens during the hard fork.

Make sure you allow enough time to fully process your ETH and ERC-20 token transfers before the above deadlines.

We will inform you about the resumption of transactions in a separate notification.

If no new token is created during the hard fork, WEXO will resume deposits and withdrawals for ETH and ERC-20 tokens as soon as possible. In the event that a new token is created and the chain splits into two competing ones, the ETH ticker will be used for Ethereum POS.