coin base COIN allows users to check theirs off ether ETH/USD 24 hours after Shapella fork is enabled on the Ethereum mainnet.

What happened: In a tweet on Wednesday, the exchange said it expects redemption demand to be high soon after the upgrade and “it may take the protocol weeks to months to process redemption requests.”

The Shapella upgrade, the combination of the upcoming Shanghai and Capella upgrades, gives users the flexibility to stake their ETH.

According to Coinbase, Shapella makes the Ethereum merge even safer and more efficient for stakeholders.

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Validators wishing to withdraw their funds must join the exit queue. To protect network stability, Ethereum developers implemented a churn limit of 57,600 withdrawals per day. To avoid a mass exodus, validators may have to wait an extended period of time (weeks or months) to complete the withdrawal process.

“Since the Ethereum protocol controls the unstake process and we are simply the channel, we cannot provide an exact wait time when you request the unstake,” Coinbase tweeted.

Price promotion: At the time of writing, ETH traded at $1,656, down 3.50% in the last 24 hours, according to Benzinga Pro.

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