Ethereum London Hard Fork Incoming: How Binance and OKEx are Preparing

The Ethereum blockchain is scheduled to undergo the London hard fork, and several exchanges are taking precautions to ensure users’ funds remain secured once the hard fork is successfully deployed. 
At block height 12,965,000, estimated to take place tomorrow (August 8th, 2021), Ethereum was scheduled to undergo the hard fork, and two scenarios are likely to occur; either the chain is split, and there’s a competing network with a new token or no new token is created, and most exchanges will resume ETH and ERC-20 tokens operations like withdrawals and deposits after the hard fork.
How Are Exchanges Preparing for the Hard Fork?
Binance announced it will suspend ETH and ERC-20 tokens deposits and withdrawals at 2021-08-05 11:45 (UTC). This is to ensure that trading risks are reduced if a new token is created during the hard fork, which could lead to extreme price volatility. 
Some Binance products like Spot and Margin trading will be unaffected — however, the exchange warned users

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