Bitpanda supports The Merge

Bitpanda supports The Merge, Ethereum’s transition to Proof-of-Stake (PoS)

Bitpanda is delighted to announce that both Bitpanda Broker and Bitpanda Pro will support The Merge, Ethereum’s transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Bitpanda is closely following The Merge, which is expected to take place in the third or fourth quarter of 2022. This event is the beginning of a series of upgrades to Ethereum, making it more secure, environmentally friendly and laying the foundation for faster and cheaper transactions in the future.

This is the largest cryptocurrency infrastructure upgrade to date, and Bitpanda is proud to support this event. There are a few things to keep in mind:

  • You won’t need to do anything to protect your funds or wallet before The Merge. Bitpanda supports upgrading to PoS and that means your funds are safe with Bitpanda.
  • Be careful: there are plenty of scams out there offering an ETH2 token. There is no ETH2 token and if you have ETH on Bitpanda, you don’t need to do anything to prepare for the Merge.
  • Withdrawals and deposits on the Ethereum network will be suspended a few hours before The Merge to ensure the safety of funds. Once Bitpanda has verified that the PoS network is secure, Bitpanda will re-enable deposits and withdrawals.
  • Any support for forked assets on the PoW chain will be evaluated with the regular asset listing process.

Go to Bitpanda’s Official Website