KuCoin Earn Enables Withdrawal for ETH 2.0 Staking

18/04/2023 22:22:10

Dear KuCoin Users,

KuCoin Earn will officially launch the ETH 2.0 Staking and withdrawal function at 14:30:00 on April 18, 2023 (UTC). Users who have participated in the ETH 2.0 Staking will be able to redeem ETH2 to ETH on a 1:1 ratio through the ETH 2.0 Staking page after the function has been launched.

Note:

1. Users will not be able to cancel their ETH withdrawal requests after submission.

2. It may take 10 days to several weeks before users’ ETH withdrawal requests can be fully processed. The exact processing time for staking withdrawal requests depends on the number of users redeeming their ETH 2.0 staking rewards, and the status of the Ethereum network.

3. The ETH2 will not generate any ETH 2.0 staking rewards during the withdrawal process.

4. The redeemed ETH will be returned to the users’ Main Account after the withdrawal process is complete.

5. Users who do not initiate withdrawal requests will still receive ETH 2.0 staking rewards and will not be affected by this function.

KuCoin Earn will also hold a limited-time staking event, the “Stake ETH 2.0 To Share an ETH Prize Pool Worth $20,000!”. Users can continue participating in ETH 2.0 Staking and earn ETH2 and additional rewards.