Coinbase will temporarily suspend its Ethereum business on May 7th to accommodate Pectra's upgrade

According to Coinbase Assets, the Ethereum Pectra upgrade will take place on May 7th at 3:05 AM Western Time (18:05 AM Beijing Time). To ensure the safety of user funds, Coinbase will temporarily suspend Ethereum recharge and withdrawal operations during the upgrade period, from 17:50 to 18:45 Beijing time. Meanwhile, new pledge requests will resume processing after 18:45, and existing pledged positions will not be affected.