Binance to support Ether staking withdrawals from April 19

CoinDesk Analysis Team CoinDesk

Binance announced Thursday that users who staked ether (ETH) through the exchange will be able to redeem coins with their BETH holdings on a 1:1 basis starting from April 19, 08:00 coordinated universal time (UTC).

The announcement came hours after Ethereum implemented the highly-anticipated Shapella hard fork, also known as Shanghai upgrade, opening withdrawals of more than 18 million ETH staked in the blockchain since late 2020.

Binance said that user requests for withdrawals, once submitted, cannot be canceled and the process may be slow initially, requiring 15 days to several weeks for completion. Users will receive redeemed ether in their spot wallets and pending BETH tokens locked in pending ETH withdrawal requests won't be eligible for staking rewards. BETH is a wrapped token issued by Binance which is 1:1 pegged to ETH on the Ethereum blockchain.

"The expected distribution date of redeemed ETH will be shown before users confirm their withdrawal requests. Users can refer to the most updated ETH distribution date at Staking History," Binance said in an official announcement.

The exchange added that there would be a daily redemption quote for each user, considering the processing limitations on the Ethereum network and it is subject to change.

Author

CoinDesk Analysis Team

CoinDesk

CoinDesk is the media platform for the next generation of investors exploring how cryptocurrencies and digital assets are contributing to the evolution of the global financial system.

XRP holds $1.40 amid ETF inflows and stable derivatives market

Ripple trades under pressure, with immediate support at $1.40 holding at the time of writing on Tuesday. A recovery attempt from last week’s sell-off to $1.12 stalled at $1.54 on Friday, leading to limited price action between the current support and the resistance.

Crypto Today: Crypto market holds $2.4 trillion as bearish sentiment persists around Bitcoin, Ethereum, XRP

The Crypto King, Bitcoin, is constrained below $70,000, with the price holding around $69,000. Altcoins, including Ethereum and Ripple, exhibit technical weakness but are holding above key support levels at $2,000 and $1.40, respectively.

Aster tests resistance as whale activity, perpetuals volume surge

Aster (ASTER) edges higher by over 7% at press time on Thursday, crossing above its 200-period Exponential Moving Average (EMA) on the 4-hour chart while testing a long-term resistance trendline on the daily.

Bitcoin slips below $69,000 as crypto market shows cautious stabilization

Bitcoin price is nearing the lower consolidation boundary, trading below $69,000 at the time of writing on Tuesday. A breakdown below this key level would suggest a correction toward $60,000. However, institutional and corporate demand support a short-term stabilization in BTC.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.