{"id":485154,"date":"2022-08-16T19:30:00","date_gmt":"2022-08-16T16:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbase-will-briefly-pause-eth-and-erc-20-token-deposits-and-withdrawals-during-ethereum-merge\/"},"modified":"2022-08-16T19:30:00","modified_gmt":"2022-08-16T16:30:00","slug":"coinbase-will-briefly-pause-eth-and-erc-20-token-deposits-and-withdrawals-during-ethereum-merge","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbase-will-briefly-pause-eth-and-erc-20-token-deposits-and-withdrawals-during-ethereum-merge\/","title":{"rendered":"# Coinbase will &#8216;briefly pause&#8217; ETH and ERC-20 token deposits and withdrawals during Ethereum Merge"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bc00cb6912\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bc00cb6912\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/coinbase-will-briefly-pause-eth-and-erc-20-token-deposits-and-withdrawals-during-ethereum-merge\/#%E2%80%9D_Coinbase_will_%E2%80%98briefly_pause_ETH_and_ERC-20_token_deposits_and_withdrawals_during_Ethereum_Merge_%E2%80%9C\" >&#8221; Coinbase will &#8216;briefly pause&#8217; ETH and ERC-20 token deposits and withdrawals during Ethereum Merge &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Coinbase_will_%E2%80%98briefly_pause_ETH_and_ERC-20_token_deposits_and_withdrawals_during_Ethereum_Merge_%E2%80%9C\"><\/span>&#8221; Coinbase will &#8216;briefly pause&#8217; ETH and ERC-20 token deposits and withdrawals during Ethereum Merge &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvMzU4NTY3MTItYjM4Zi00ODZmLTllMDUtNzkxN2E2MGUyZDMzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-28d77a7a>United States-based cryptocurrency exchange Coinbase has announced it will be temporarily suspending certain token deposits and withdrawals when Ethereum\u2019s core developers transition the blockchain to proof-of-stake, or PoS.<\/p>\n<p>In a Tuesday blog post, Coinbase product manager Armin Rezaiean-Asel <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.coinbase.com\/the-ethereum-merge-is-coming-heres-what-you-need-to-know-5f3b3045aab2\">said<\/a>\u00a0that during the Merge event, the crypto exchange will \u201cbriefly pause\u201d deposits and withdrawals of Ether (ETH) and ERC-20 tokens \u201cas a precautionary measure\u201d to handle the migration. The exchange also warned users against scammers offering ETH2 tokens, saying crypto users did not need to take additional action to receive staked ETH prior to the Merge.<\/p>\n<p>\u201cAlthough the Merge is expected to be seamless from a user perspective, this downtime allows us to ensure that the transition has been successfully reflected by our systems,\u201d said Rezaiean-Asel. \u201cWe do not expect any other networks or currencies to be impacted and expect no impact to trading for ETH and ERC-20 tokens across our centralized trading products.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">EthereumProof-of-Stake<\/p>\n<p>It&#8217;s finally h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ening! Here&#8217;s how we&#8217;re getting ready for The Merge<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/AIIUqWcDxm\">https:\/\/t.co\/AIIUqWcDxm<\/a><\/p>\n<p>\u2014 Coinbase (@coinbase) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/coinbase\/status\/1559554821060841472?ref_src=twsrc%5Etfw\">August 16, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe crypto exchange will likely not be the only one to announce precautions or changes in trading activity as the date for the Ethereum Merge approaches. Cointelegraph reported on Friday that though there could be \u201cunforeseen circumstances,\u201d core developers anticipated a tentative Merge date on Sept. 15.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report<\/em><\/strong><\/p>\n<p>After the Ethereum network transitions from proof-of-work to PoS, many expect its energy consumption will drop precipitously, scalability will improve, and it will be less vulnerable to attacks. Cointelegraph reported on Saturday, however, that ETH gas fees may not necessarily go down and transactions on the network will likely not be noticeably faster than before. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/coinbase-will-briefly-pause-eth-and-erc-20-token-deposits-and-withdrawals-during-ethereum-merge\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Coinbase will &#8216;briefly pause&#8217; ETH and ERC-20 token deposits and withdrawals during Ethereum Merge &#8220; United States-based cryptocurrency exchange Coinbase has announced it will be temporarily suspending certain token deposits and withdrawals when Ethereum\u2019s core developers transition the blockchain to proof-of-stake, or PoS. In a Tuesday blog post, Coinbase product manager Armin Rezaiean-Asel said\u00a0that&#8230;<\/p>\n","protected":false},"author":1,"featured_media":485155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvMzU4NTY3MTItYjM4Zi00ODZmLTllMDUtNzkxN2E2MGUyZDMzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74956,74860,76699,74876,117],"class_list":["post-485154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-coinbase","tag-cryptocurrency-exchange","tag-erc-20","tag-proof-of-stake","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/485154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=485154"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/485154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/485155"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=485154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=485154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=485154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}