The largest cryptocurrency exchange notified users that community criticism helped to reduce the processing time for requests to withdraw ether from staking from fifteen to five days.
The new rules should go into effect next Thursday, May 18, starting at 8:00 UTC.
“Binance will actively work to further reduce the processing time for ETH withdrawal requests from staking in order to better meet the needs of users,” the Binance team promised in an official statement.
The actual time it takes to fully process Ether withdrawal requests is determined by the ratio of the total ETH withdrawal requested by participants and the capacity of the Ethereum network. Therefore, they specify on the exchange, the time can change dynamically. Earlier, the Binance exchange announced a change in the procedure for delisting crypto assets. In accordance with the new rules of the platform, instead of permanently removing the highly volatile token, the asset will move to the “innovation zone”, where it will get a second chance to restore its course.
