Coinbase has announced a suspension of Ethereum (ETH) deposits and withdrawals for the Pectra upgrade on May 7, 2025, scheduled from 2:50 AM to 3:45 AM PT to ensure fund safety for users. Existing staking positions will not be affected, but new staking requests will experience delays.
The Pectra upgrade, integrating previous updates to enhance scalability and staking flexibility, comes after the Dencun upgrade of March 2024. This signifies Ethereum’s ongoing commitment to innovation and improvement within the blockchain ecosystem.
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