eToro updates on ETH 2.0 staking
Online broker eToro has issued an update for all eToro users who staked ETH 2.0.
The Ethereum network has announced that they will soon unlock staked ETH and the accrued rewards. When this happens, which will be at the discretion of the Ethereum network, eToro’s ETH 2.0 staking services on the eToro Money crypto wallet will come to an end.
eToro will then begin to withdraw the staked ETH and the rewards, and move them to the users’ ETH wallet on the eToro Money crypto wallet. Once this process is complete, eToro will send a confirmation email to eToro users who staked ETH 2.0.
The withdrawal process could take some time. eToro will aim to complete the withdrawal of staked ETH and rewards in as timely a manner as possible.
The company said:
“We understand that many of you have been anticipating the distribution of rewards, and we appreciate your patience while we finalize the details of this process”.