THE:Bitfinex to support the Ethereum Merge_WETH

BitfinexispleasedtoannouncethatitwillsupporttheEthereumMerge,whichisexpectedtooccurbetween10-20September2022.?

TheMergemarksthetransitionthatEthereumwillundergototakeitfromitscurrentProof-of-Work(PoW)consensusmechanismtoaProof-of-Stake(PoS)model.

ThemovetoPoSisoneofthemostsignificantmilestonesintheoriginalEthereumroadmap.

CustomerbalanceswillbekeptsecurethroughouttheMergeprocess.InordertoexecuteasmoothtransitionattheMerge,asnapshotwillbetakenofallETHbalancesandmarginpositions,duringwhichtimetrading,depositsandwithdrawalsforETHandallEthereum-based(ERC20)tokenswillbetemporarilysuspendedtoallowforaccountreconciliation.Wewillkeepcustomersupdatedthroughoutthisprocess.

ReadmoreabouttheMergehere.?

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