We're pleased to announce OKX's support for the upcoming Ethereum mainnet upgrade, ensuring seamless transactions for users across multiple Layer 2 networks. Below are key details and precautions for this event.
Upgrade Timeline and Service Interruptions
- Upgrade Date: March 13, 2024 (1:55 pm UTC)
- Service Suspension: Deposits/withdrawals for affected tokens pause at 1:20 pm UTC (35 minutes pre-upgrade).
Networks Involved:
- Ethereum (ETH)
- Arbitrum (ARB), Optimism (OP), zkSync Era
- Base Protocol (BASE), Starknet (STRK)
- Polygon (MATIC), Metis (METIS), MXC (MXC)
- Linea (ETH)
👉 Track real-time upgrade progress
Post-Upgrade Resumption
- Services will automatically resume once the upgraded ETH network stabilizes.
- No separate notification will be issued; check your OKX account for updates.
User Guidelines
- Trading Continuity: Spot, margin, and derivatives trading remain active—monitor market volatility.
- Fund Safety: Avoid depositing/withdrawing affected tokens during the upgrade window.
- Automatic Handling: No action required for existing token holdings; OKX manages all technical processes.
Key Reminders
- Increase margins to mitigate trading risks.
- Withdrawals/deposits may experience delays post-upgrade.
FAQs
Will my ETH be safe during the upgrade?
Yes. OKX’s infrastructure fully supports the hard fork, and user funds remain secure.
Can I trade ETH derivatives during the upgrade?
Yes, but expect higher volatility—adjust positions accordingly.
How long will withdrawals be suspended?
Typically a few hours. Duration depends on network stability post-upgrade.
Are other ERC-20 tokens affected?
Only tokens on the listed networks (e.g., ARB, MATIC) are temporarily paused.
👉 Explore OKX’s Ethereum integration
Additional Resources
For technical details on the Ethereum upgrade, refer to Ethereum Foundation’s Dencun upgrade announcement.
Last Updated: March 12, 2024