The Ethereum Merge
The Ethereum Merge is a network upgrade that will change Ethereum’s current consensus mechanism from “proof of work” to “proof of stake.” Along with other improvements, this milestone will help Ethereum deliver on its commitment to become more scalable, secure, and sustainable.
The Ethereum Merge is expected to happen around September 14, 2022.
Your crypto will remain safe and secure on Robinhood, as usual. No action is needed from you during the Merge.
What may be affected on the day of the Merge:
What won’t be affected:
When the Merge happens, we'll notify you with more details about how your crypto transfers will be affected.
The upcoming Ethereum Merge may result in a hard fork, which could create a new crypto asset.
If this happens, Robinhood Crypto may decide to support the new forked asset. To receive the forked asset, you must have held your ETH on Robinhood Crypto starting from no later than 11:59 PM ET on September 13, until ETH withdrawals are reenabled after the Merge.
Remember, there’s no guarantee that Robinhood Crypto will support the new asset. We’ll keep you updated on changes related to the Ethereum Merge event.
Watch out for scams. Make sure you know who you are sending crypto to. Do not send ETH to anyone who offers to upgrade your ETH to ETH2. The crypto you currently hold with Robinhood Crypto will remain safely in our storage throughout the Merge. See How to identify and report scams to learn more.