Dear OKX Users,
The Ethereum Merge represents a historic transition for the blockchain ecosystem. Based on Ethereum Foundation announcements, this upgrade will occur in two critical phases:
Key Dates for the Ethereum Merge
Phase 1: Bellatrix Upgrade (September 6, 2022)
- Type: Consensus layer upgrade
- Purpose: Prepares the Beacon Chain for the Merge
- Trigger: Beacon Chain reaches epoch height 144,896
Phase 2: Paris Upgrade (~September 15, 2022)
- Type: Execution layer transition
- Purpose: Shifts from Proof-of-Work (PoW) to Proof-of-Stake (PoS)
- Trigger: Ethereum reaches Terminal Total Difficulty (TTD) of 58,750,000,000,000,000,000,000
👉 Get ready for the ETH Merge with OKX's secure platform
OKX Service Adjustments During the Merge
Deposit & Withdrawal Changes
OKX will temporarily suspend ETH and ERC-20 token transactions during both upgrade events:
- Bellatrix: September 6, 2022 (UTC)
- Paris: ~September 15, 2022 (UTC)
Possible Merge Scenarios
Scenario A - Smooth Transition
- No new tokens created
- Normal services resume after network stability confirmation
Scenario B - Chain Fork Occurs
- ETH remains on PoS chain
- New forked tokens distributed 1:1 based on ETH holdings
- Separate announcement will detail airdrop procedures
Trading Services During the Merge
All trading services will remain operational but with these considerations:
Margin Trading
- ETH margin borrowing suspended
- Existing loans must be repaid with forked tokens if Scenario B occurs
- Interest rate adjustments possible based on market conditions
👉 Protect your assets during volatile periods
Other Trading Products
- Spot, futures, perpetual swaps, and options trading continue normally
- Extreme volatility expected - consider reducing positions/leverage
Grow Services Impact
ETH 2.0 Staking
- Subscriptions paused on upgrade days
- BETH rewards continue normally
- Snapshot inclusion depends on fork chain's handling of ETH2.0 contracts
Other Services
- Savings, Staking, Dual Investment continue unaffected
- DeFi mining subscriptions continue (on-chain operations pause temporarily)
Frequently Asked Questions
What should I do before the Merge?
- Deposit ETH to OKX in advance
- Consider closing or reducing leveraged positions
- Monitor official announcements for updates
Will my ETH holdings be safe?
Yes, OKX will implement all necessary security measures. Your assets remain protected throughout the transition.
How will forked tokens be handled?
If created, forked tokens must pass OKX's standard listing review before trading becomes available. Distribution details will follow in separate announcements.
Where can I get support?
Contact our team through:
Stay informed and prepared for this significant blockchain evolution with OKX as your trusted partner.