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Coinbase Anticipates High Demand for Unstaking After Shanghai Upgrade

In a blog post on the matter, Coinbase explained that the upcoming Shanghai and Capella upgrades (collectively known as Shapella) will allow Ethereum users to unstake their Ether (ETH) for the first time since the Beacon chain launched in 2020. 

Unstaking requests will be made available from users’ Coinbase accounts about 24 hours after the upgrade is complete. After the request, customers can still expect to be waiting a while. 

“Customers may need to remain patient,” said the exchange. “We anticipate the Ethereum protocol will take weeks to months to process unstaking requests immediately following the upgrade.”

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