Dear OKX Users,
OKX is pleased to announce its support for the upcoming Ethereum (ETH) network upgrade. Below are the key details and user guidelines:
Key Dates & Actions
- Upgrade Block Height: 15,050,000
- Estimated Upgrade Time: ~2022-06-29 10:43 (UTC)
- Deposit/Withdrawal Suspension: ETH and ERC-20 token transactions will be paused starting 2022-06-29 09:30 (UTC) until network stability is confirmed post-upgrade.
👉 Secure your assets during the upgrade
Important Notes
- Trading Continuity: Spot and derivatives trading for ETH/ERC-20 tokens will remain unaffected.
- Technical Handling: OKX will manage all technical requirements for users holding ETH/ERC-20 tokens on the platform.
- Post-Upgrade Resumption: Deposits/withdrawals will reopen once the upgraded network is deemed stable (no further notification).
Risk Mitigation: Users are advised to:
- Avoid ETH/ERC-20 token transactions during the suspension window.
- Monitor leveraged positions (e.g., margin trades) and top up collateral in advance.
Additional Resources
- Refer to Ethereum’s official Grey Glacier Upgrade Announcement for technical details.
FAQs
Q1: Will my ETH holdings be safe during the upgrade?
A: Yes. OKX automatically safeguards all ETH/ERC-20 tokens held in your account.
Q2: Can I trade ETH while deposits/withdrawals are paused?
A: Absolutely. Only external ETH/ERC-20 transfers are temporarily suspended.
Q3: How long will the suspension last?
A: Services resume once the network stabilizes—typically within hours post-upgrade.
Q4: What happens if I send ETH during the pause?
A: Funds will not be credited until services resume. Avoid transactions to prevent delays.
This announcement adheres to OKX’s commitment to transparency and user asset security. For real-time updates, visit 👉 OKX official platform.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
### Key SEO Elements
- **Primary Keywords**: Ethereum upgrade, ETH network, OKX announcement, ERC-20 tokens, Grey Glacier