According to an announcement on the trading platform’s website, customers who have participated in the ETH 2.0 program on the exchange by staking Ethereum will be able to redeem rewards and exchange BETH assets that have been locked in staking at a ratio of 1:1 starting from April 19 at 08:00 UTC.
Moreover, users have the opportunity to sell BETH on the spot market and receive zero maker fees for BETH/ETH and BETH/USDT spot trading pairs through a promotional offer that is valid until May 10th.
However, it is important to note that once a withdrawal request has been made, it cannot be canceled.
“Redeemed Ether” will be transferred to users’ spot wallets, while BETH tokens that are locked in pending ETH withdrawal requests will not be eligible for stake confirmation and will not generate rewards.
The withdrawal process may take between 15 days to several weeks due to high demand, and users will be notified in advance of the expected distribution date of the redeemed ETH prior to confirmation of the withdrawal request.
Additionally, the Binance team has announced that QLC, NEBL, and AUTO tokens will be removed from the list of available exchange assets from April 18th as they did not pass the scheduled security check of the asset.