Dear OKX users,
The Ethereum Merge represents a significant transition for the Ethereum network, shifting from proof-of-work (PoW) to proof-of-stake (PoS). Below, we outline key details and OKX's preparations to ensure seamless user experience during this upgrade.
Key Milestones in the Ethereum Merge
1. Bellatrix Upgrade (Consensus Layer)
- Timing: Epoch height 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 PoS Beacon Chain, retiring the PoW chain.
OKX Service Adjustments During the Merge
👉 Deposit ETH to OKX now for uninterrupted access
Asset Security Measures
Suspended Services: ETH and ERC-20 token deposits/withdrawals during:
- Bellatrix upgrade (September 6, 2022 UTC)
- Paris upgrade (September 15, 2022 UTC)
- Recommendation: Complete ETH transactions before these dates.
Fork Handling Scenarios
| Scenario | Outcome | OKX Action |
|---|---|---|
| A (No new token) | ETH continues as PoS | Resume normal services post-stability checks |
| B (New token created) | ETH (PoS) + Forked token (PoW) | Distribute forked tokens 1:1 to ETH holders; listing review required |
Trading Services
- Unaffected: Spot, futures, perpetual swaps, and options trading.
- Margin Trading: ETH borrowing suspended; existing loans repayable with forked tokens (if Scenario B occurs).
- Risk Control: Expect potential adjustments to funding rates, margin tiers, and price limits.
👉 Monitor real-time ETH price movements here
Grow Products
- Operational: Savings, staking, Dual Investment, Smart Gain.
- ETH 2.0 Staking: Subscriptions paused September 6 & 15; BETH rewards unaffected.
- DeFi Mining: On-chain operations paused temporarily; rewards delayed.
FAQ Section
Q1: Will my ETH holdings be safe during the Merge?
A1: Yes. OKX will safeguard your assets and distribute any forked tokens per Scenario B.
Q2: Can I trade ETH during the upgrade?
A2: Spot, futures, and options trading remain active, but margin borrowing halts temporarily.
Q3: How will OKX handle a potential new token?
A3: Forked tokens undergo standard listing reviews. Eligible users receive them 1:1 via airdrop.
Q4: Are fiat services impacted?
A4: No. Deposits, withdrawals, and conversions operate normally.
For further assistance, contact OKX via Support Center or our Telegram group.