As the Merge approaches, FTX will halt blockchain transfers of secondary chains for ETH

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Last Updated on September 6, 2022 by Bitfinsider

As the Ethereum Merge approaches, cryptocurrency exchange FTX has announced that it will temporarily halt trading of Ether (ETH) on several blockchains.

As a precautionary measure to protect investors’ funds during the Ethereum upgrade, the halt will last until The Merge is completed.

Following the Merge, the Ethereum blockchain will gradually transition from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism.

Despite switching from PoW, which is more expensive, to PoS, which is less expensive, the Ethereum Foundation has stated that the Merge will not result in a reduction in gas prices.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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