Prior to this, the consensus layer upgrade (Bellatrix) is scheduled for epoch 144,896 on the Beacon Chain at 2022-09-06 11:34:47 (UTC).

As a new token might be created during a hard fork, Remitano has taken the following steps to reduce the trading risks brought about by price volatility and to maintain the safety of user funds during the hard fork:

Temporarily Suspend ETH & USDT ERC-20 Deposit/Withdrawal

Remtiano will suspend deposits and withdrawals for ETH and USDT ERC-20 at approximately:

• 2022-09-06 11:00 (UTC) for the Bellatrix consensus layer upgrade

• 2022-09-15 00:00 (UTC) for the Paris execution layer upgrade

Please ensure that you leave sufficient time for your ETH and USDT ERC-20 tokens transfers to be fully processed prior to the above time. We will handle all technical requirements for users holding ETH and USDT ERC-20 tokens on Remitano.

Important notes from ETH Network Upgrade with Remitano users

Scenario 1: no new token is created

Remitano will then reopen deposits and withdrawals for ETH and USDT ERC-20 tokens as soon as possible. A further announcement will be posted.

Scenario B: new token is created

• Remitano will handle all technical requirements on behalf of users holding ETH in Remitano wallet.

• In the event of new forked tokens, Remitano only supports the Proof of Stake token fork, aka ETHS. If users want tokens on both forks, please withdraw ETH from Remitano before 2022-09-10 11:00:00 (UTC).

• Deposits and withdrawals of ETH will be temporarily suspended during this process. We will reopen ETH deposits and withdrawals once we believe that the network after the upgrade is complete and the network is stable.

Remitano Swap

Swap trading for ETH and USDT ERC-20 tokens will not be affected. Users can still trade ETH and USDT ERC-20 during this time, however withdrawals from the platform will be temporarily suspended.

Swing

Remitano will temporarily suspend the opening of Swing orders for ETH around 2022-09-10 11:00:00 (UTC) until The Merge is completed.
Opening ETH Swing orders can not be closed during the above time period. Please ensure that you have enough time to ensure your ETH Swing orders are fully processed before the above time.

Liquidity

ETH liquidity pools on Remitano Liquidity will operate normally. Please ensure you take sufficient risk measures as price volatility is often high during contentious hard forks.

Notes

• A further announcement will be made regarding the timing for the resumption of deposits and withdrawals, as well as further information about the potential ETH chain split that may affect the above information.

• The Paris execution layer upgrade is estimated to take place at the ETH mainnet block height of 15,540,293. The estimated time is for users' reference only and is subject to change depending on block propagation times.

Remitano will continue to monitor The Merge and will notify you of any specific changes or plans as soon as possible.