AnnouncementsNewsProBit Global Supports The Ethereum Merge

ProBit Global Supports The Ethereum Merge

Published date: August 12, 2022 at 02:26 (UTC+0)

2022-09-15 Update: Deposits and withdrawals for the Ethereum network (ERC-20) tokens have resumed from 2022-09-15 at 08:45 UTC.

2022-09-14 Update: Ethereum Merge will happen on 2022-09-15 02:00 UTC on estimate. Deposits and withdrawals for the Ethereum network (ERC-20) will be suspended an hour ahead at 2022-09-15 at 01:00 UTC. This is an estimated time and subject to change. Please stay tuned for updates.

ProBit Global will be supporting Ethereum’s The Merge. This Ethereum upgrade is scheduled for Q3/Q4 2022 as Ethereum Mainnet merges with the Beacon Chain proof of stake system.

 ETH and ERC-20 token deposits and withdrawals suspension

To prevent risks from price volatility and ensure the safety of your assets, ETH and ERC-20 token deposits and withdrawals will be suspended at approximately:

  • 2022-09-06 11:00 UTC: Bellatrix consensus layer upgrade
  • 2022-09-15 00:00 UTC: Paris execution layer upgrade

Please allow enough time for your ETH and ERC-20 tokens deposits and withdrawals to be fully processed before the dates mentioned above.

 What will happen after The Merge?

If no new token is created after The Merge:

  • Deposits and withdrawals for ETH and ERC-20 will resume on ProBit Global as soon as possible. An official announcement will be released.

If the chain splits into 2 parallel blockchains and a new token is created

  • “ETH” ticker will be used for the Ethereum PoS chain
  • You will receive the forked token from the minority chain to your ProBit Global wallets at a ratio of 1:1 based on the snapshot of ETH balances before the Paris execution layer upgrade (approximately at ETH mainnet block height of 15,540,293, or 2022-09-15 02:00 UTC). An official announcement will be released regarding distribution.
  • Withdrawals for the forked token will be supported.
  • There is no guarantee of listing of the newly forked tokens. ProBit Global will continue to do our utmost in conducting thorough checks as we do for every listing.

ProBit Global will keep you informed of updates to come. While trading will not be affected, please note that such upgrades may result in volatile market fluctuations. Trade safely!

Thank you for your support,
ProBit Global


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