Dear OKX Users,
The Ethereum Merge represents a pivotal moment in blockchain history, transitioning Ethereum from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism. Here's everything you need to know about how OKX will handle this upgrade to ensure seamless asset management and trading continuity.
Key Events During the Merge Process
1. Bellatrix Upgrade (Consensus Layer)
- Timing: Epoch 144,896 (~September 6, 2022 UTC)
- Purpose: Prepares the Beacon Chain for the Merge by making it "Merge-aware."
2. Paris Upgrade (Execution Layer)
- Timing: Terminal Total Difficulty (TTD) 58,750,000,000,000,000,000,000 (~September 15, 2022 UTC)
- Outcome: Ethereum's execution layer merges with the Beacon Chain, completing the transition to PoS.
👉 Explore Ethereum's future with OKX
OKX Service Adjustments
Asset Security Measures
- Deposit ETH early to avoid potential disruptions during network instability.
Suspended Services:
- ETH/ERC-20 deposits/withdrawals during both upgrades (September 6 & 15).
- ETH margin borrowing (VIP services included).
Fork Token Handling (Scenario B)
- PoS Chain Tokens: Recognized as ETH.
PoW Fork Tokens:
- 1:1 airdrop based on ETH balances pre-upgrade.
- Subject to standard listing review before trading.
Trading Impacts
| Service | Status | Notes |
|---|---|---|
| Spot Trading | Unaffected | All ETH/ERC-20 pairs operational. |
| Futures/Perps | Unaffected | ETHUSDT & ETHUSD contracts remain active. |
| Options | Unaffected | ETHUSD options trading continues. |
Risk Control Tip: Consider reducing leverage or closing positions pre-Merge due to expected volatility.
Grow Services Update
- Staking/Savings: Continuously operational (snapshot-inclusive).
- ETH 2.0 Staking: Subscriptions paused September 6 & 15; BETH rewards uninterrupted.
- DeFi Mining: On-chain operations temporarily suspended during upgrades.
👉 Secure your assets with OKX today
FAQs
Q: Will my ETH holdings be safe during the Merge?
A: Absolutely. OKX implements enhanced security protocols, including early deposit recommendations and temporary withdrawal pauses.
Q: How are fork tokens distributed?
A: If created, they'll be airdropped 1:1 based on pre-Merge ETH balances. Deposits/withdrawals open post-review.
Q: Can I trade ETH futures during the upgrade?
A: Yes, futures and perpetual swaps remain operational with adjusted risk parameters if needed.
For further assistance, contact OKX via:
Note: Dates referenced are historical (2022) and retained for context.
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