Dear HTX Users,

To embrace the great event of ETH Shanghai Upgrade, HTX will launch Zero Trading Fees Event for BETH-related spot trades. We sincerely invite your participation!

Event Period:

12:00 (UTC) on Apr 10, 2023 - 12:00 (UTC) on May 10, 2023

Preferential Trading Pairs:

BETH/ETH and BETH/USDT

Details are as follows:

During the event, users can enjoy zero trading fees for BETH/ETH and BETH/USDT spot trades. After the event ends, the fee rates will return to normal.

Notes:

• During the event, trading volumes of BETH/ETH and BETH/USDT will be excluded from the volume calculation for determining users' Prime levels. Such trading volumes will be counted in after the event ends.
• HTX reserves the right of final interpretation of this event.

About ETH Shanghai Upgrade

For Ethereum stakers, the Shanghai update is a well-awaited change to Ethereum's Proof of Stake consensus mechanism. Aside from its effects on staking, it's also likely to have some ramifications on market demand for ETH. So, no matter if you're already staking ETH, considering it, or simply holding ETH, it's worth understanding exactly what Shanghai will do and how it may affect your portfolio.

In September 2022, Ethereum completed its switch to a Proof of Stake (PoS) consensus mechanism. Before this, Ethereum used Proof of Work (PoW) and a mining mechanism to process and validate transactions. Users who want to take part in validating on the network can now stake 32 ether (ETH) rather than solve computational puzzles using specialized mining equipment.

Since the Merge, which saw the Ethereum mainnet combine with the PoS Beacon Chain, users haven't been able to remove their staked funds. The Shanghai update (EIP-4895) resolves this issue and adds withdrawal functionality. On January 5, 2023, Ethereum developers agreed to a March 2023 launch date for implementing the upgrade as a network hard fork. Users will be able to test the update with a Shanghai-implemented public test network towards the end of February 2023.

HTX

April 10, 2023

Trade on the go with HTX App (iOS/Android)

Sign up a HTX Account to Get Rewards Up to 5,672 USDT!

Find us on

Twitter: https://twitter.com/HuobiGlobal

Facebook: https://www.facebook.com/huobiglobalofficial/

Instagram: https://www.instagram.com/huobiglobalofficial/

Reddit: https://www.reddit.com/r/HuobiGlobal/

Medium: https://huobiglobal.medium.com/

Telegram:

https://t.me/htxglobalofficial

https://t.me/HTX_Chineseofficial

https://t.me/HTXFutures_en

Discord：

https://discord.gg/htx-global

HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on HTX. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.