Dear users,

The moment has finally come, and Ethereum’s long-anticipated Merge is only a few days away. All signs are pointing to the Paris upgrade being initiated sometime between 9/13/22 and 9/15/22. The transition from Proof-of-Work to Proof-of-Stake is one of the longest awaited upgrades in Ethereum history, and it introduces features that make the protocol more energy efficient, secure, and scalable.

What does this mean for AscendEX users?
AscendEX plans to take steps to mitigate trading risks and reduce technical complexity on our users’ behalf. There is no action required by you, but there are a few things to note on the specific actions we are taking and how they may affect your trading experience.

This is what you need to know:
Ethereum and all ERC-20 token balances will be snapshotted immediately prior to the Merge. Deposits and withdrawals for all these tokens will be briefly suspended as we complete the technical upgrades. We plan to re-enable deposit and withdrawal as soon as the upgrades are finished, the network is stable, and we can be sure transactions will be processed as normal.

Spot trading will be completely unaffected.
We will publish further updates as necessary via Twitter, Telegram, and our Help Center to inform you of the resumption of deposit and withdrawal services for ETH and ERC-20 tokens.

Scammers are likely to take the Merge as an opportunity to swindle users. Be extra vigilant during this time to avoid being contacted by scammers. Always check the pinned message in Telegram to verify if someone is an admin. As usual, we will be available 24/7 to answer any further questions in our global channel: https://t.me/AscendEXEnglish

Learn more about the technical details of the Merge here: https://ascendex.com/en/support/articles/74462

Thank you for your continued support!

The AscendEX Team

Website: https://ascendex.com/
Twitter: https://twitter.com/_AscendEX
Telegram Group: https://t.me/AscendEXEnglish