Coinbase will temporarily suspend Ethereum operations on May 7 to accommodate the Pectra upgrade

ChainCatcher news, according to Coinbase Assets, the Ethereum Pectra upgrade will take place on May 7 at 3:05 AM Pacific Time (6:05 PM Beijing Time). To ensure the safety of user funds, Coinbase will suspend Ethereum deposits and withdrawals during the upgrade, from 5:50 PM to 6:45 PM Beijing Time. Meanwhile, new staking requests will resume processing after 6:45 PM, and existing staking positions will not be affected.