Cryptocurrency platforms Binance, Kraken and Poloniex, which suspended transactions during the blockchain update, announce partial restoration of services.

The cryptocurrency exchanges that suspended transactions in Ethereum and ERC-20 tokens have begun restoring services with these cryptocurrencies. The platforms halted these transactions as a precautionary measure to ensure customer funds are protected.

Binance announced on Twitter that it had resumed the ability to withdraw and place ETH, while Kraken platform also announced that it had restored services. Ethereum can also be withdrawn and deposited again on Poloniex, CoinEx and KuCoin.

The Merge, an update to Ethereum that means the altcoin is switching from Proof-of-Work to Proof-of-Stake (PoS), took place on the morning of September 15. The blockchain will no longer be secured by miners, but by validators – users who have deposited and blocked their share of coins (stacking).

Part of the pro-mining community expects the PoW version of the network to launch in the coming hours. The EtherumPow (ETHW) development team has announced plans to launch the blockchain within 24 hours of the core Ethereum network switching to the Proof-of-Stake protocol.