Ethereum: Binance slashes withdrawal time for staked ETH but there’s a catch

Binance announced that the processing period for Ethereum staking withdrawal requests would be reduced from 15 days to 5 days.

in the last week, it seemed unlikely that stakers would dump withdrawn ETH at prevailing market prices.Conversely, the reduction in the processing time for withdrawals may provide ETH stakers with more flexibility and liquidity.

Binance was the third-largest entity in terms of overall ETH withdrawal volume since the Shapella Upgrade, accounting for more than 11% of the total share., another major centralized exchange which offers staking services, earlier refused to provide an exact waiting period but mentioned that it could take weeks to months to process unstaking requests.After a sharp uptrend, the supply outside of exchanges dipped marginally in the last 24 hours.

However, large whale transactions, involving the transfer of ETH worth more than $100k, declined progressively over the last few days.

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