As Ethereum's highly anticipated Merge approaches on September 15 at 10:00 UTC, OKX has released an updated contingency plan to ensure seamless user transitions during the network upgrade.
Key Timeline and Service Adjustments
- Deposit/Withdrawal Pause: ETH and ERC-20 token transactions will be suspended starting September 14 at 15:00 UTC (23:00 HKT).
- Transfer Freeze: ETH transfers within OKX will pause briefly during the Merge snapshot (est. 10 minutes).
Post-Merge Scenarios
Scenario 1: Successful Merge (No New Token)
- Services resume after confirming mainnet stability
- Cross-chain bridges reopen for ETH and ERC-20 tokens
Scenario 2: Chain Fork Occurs
- POS Chain: Recognized as ETH
- POW Chain: Treated as forked token (e.g., ETHW)
👉 Track real-time Merge updates on OKX
Fork Token Distribution Protocol
OKX will:
- Snapshot ETH holdings across trading accounts, funding wallets, and financial products
- Airdrop forked tokens 1:1 based on snapshotted balances
- Support all potential Ethereum fork assets via OKC chain
Web3 Wallet Incentives
Users who:
- Create/import Web3 wallets pre-fork
- Hold ETH assets during snapshot
Will receive: - ETHW equivalent tokens
- Bonus OKT airdrop (covers 10,000 OKC transactions)
FAQ Section
Q: When will normal trading resume post-Merge?
A: Services reopen after network stability confirmation - typically within hours of successful completion.
Q: How are fork token values determined?
A: Market forces will establish values; OKX will list qualifying forks after security audits.
Q: Can I trade forked tokens immediately?
A: Trading pairs launch after liquidity and technical reviews (usually 24-48 hours post-Merge).
Q: What happens to open ETH margin positions?
A: Positions remain unchanged; any forked tokens will be credited to funding accounts.
Technical Considerations
The transition involves:
- Consensus mechanism shift from PoW to PoS
- Potential temporary network congestion
- Adjusted gas fee structures
👉 Prepare your ETH holdings with OKX's Merge guide
All timelines subject to change based on Ethereum network conditions. Users should monitor official announcements for real-time updates.