The Binance cryptographic platform plans to suspend work with Ethereum's cryptative and ERC-20 assets during Merge's event, a network transition to the Proof-of-Stake algorithm, where traditional mining is shutting down. This is done to protect clients' assets when the network is hard-cored and alternative current is created, as stated in the site's application.
Deposits and asset withdrawals will be suspended on 6 September when the Bellatrix upgrade is launched, as well as on the Paris update, which is scheduled to start from 10 to 20 September. 14 to 16 September, the site will also shut down the Binance Crypto Loans and the ETH margin borrowing.
However, the spot trade, both the main cryptized ETH and other ERC-20 assets, will not be affected for the time of updating the Etereum block, but clients are warned of the potential for increased volatility in the case of hardfork, so the Binance administration retains the right to suspend the margin trade.
If the network were to split, the ETH ticker would be used for the new PoS Ethereum chain. The area would also provide a withdrawal for an alternative version of the current, but the working conditions would be announced separately. Previously, the Coinbase cryptobears announced their intention to suspend work with Ethereum for the time of the update.