Dear Kikitraders,
Kikitrade will be temporarily suspending ETH & ERC20 (USDT, BUSD, USDC) deposit and withdrawal at 2022/09/06 11:00 AM UTC (Taiwan/HKT 19:00) while Ethereum Merge takes place.
Spot trading and spot margin of ETH and ERC20 token will not be affected.
*Please take note of the Merge timeline and carefully manage your positions.
The Merge will occur at around ETH mainnet block height of 15,540,293 when Ethereum Mainnet hits the Terminal Total Difficulty (TTD) value of 58750000000000000000000. The Merge will occur in two steps, Bellatrix consensus layer upgrade and Paris execution layer upgrade.
After the Merge, one or more forked PoW ETH could emerge. If a canonical PoW ETH fork emerges, Kikitrade will credit users with the forked PoW ETH. Borrowers of ETH will be charged forked PoW ETH based on their ETH balance as of the fork snapshot that will take place before the Paris execution layer upgrade.
Kikitrade reserves the right to update the treatment of any forked PoW ETH at any time, and will continue to evaluate the listing of the forked PoW ETH at a later date. The “ETH” ticker will be used for ETH PoS chain after the Merge.
Note:
Users are responsible to understand the potential impacts and risks in regards of the Merge, Kikitrade is not in liability of any losses incurred.
Trading digital assets often associate with higher risks and in-depth understanding especially in vast changes, you are advised to make decisions accordingly.
Thank you for supporting Kikitrade, with your feedback delivered and received, we will continue to integrate and improve our products and services. Any enquiries or suggestions are invaluable you are more than welcome to reach our Customer Service team at support@kikitrade.com
Team Kikitrade
2022/09/05
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