Binance has announced that it will reduce the processing time for ETH Staking withdrawal requests from 15 days to just five days, starting from May 18, 2023. This move is expected to increase user satisfaction and adoption of ETH Staking. However, it remains to be seen whether the staked Ethereum withdrawals will push more selling pressure on the ETH price. Binance also plans to further reduce the processing time to better serve users, subject to change based on network demand. This move could result in more liquidity in the market and potentially drive up the price of ETH.
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