People gather and interact in a spacious, futuristic atrium with tall palms and a large Ethereum logo suspended in the center.

Alert for BitIRA customers

The countdown for the Ethereum Merge (scheduled for September 14/15) is almost up…

Ethereum is undergoing a fundamental upgrade from a Proof-of-Work to a Proof-of-Stake system. We’ve been keeping an eye on the situation and wanted to share some details with you. 

First off, there’s no action required on your part! Unless you’re planning to trade any of the affected cryptocurrencies, it’s safe to ignore this development.

However, if you are planning trades, read on…

Here’s what to expect when the merge goes live, whether it occurs as scheduled or is once again delayed.

Because Ethereum serves as the backbone of much of the cryptocurrency economy, once the merge goes live, we expect to see two major effects:

  1. There may be delays if you attempt to transact ether/ETH or any ERC-20 cryptocurrencies. If you want to transact any of these coins, please do so immediately. (See below for a full list of BitIRA-supported cryptocurrencies that may be affected.)
  2. Trading may be temporarily suspended if we see periods of instability – if this happens, we’ll communicate this decision to you and keep you posted.
  3. You may experience delayed settlement times around the Merge for ETH and [dt_tooltip title=”ERC-20 coins”]Ethereum-based technical standard for creating digital assets. Smart contracts can then be used to issue ERC-20 tokens and complete transactions. Like all standards, ERC-20 allows for compatibility and interoperability between a wide variety of blockchain-based services.[/dt_tooltip]. Executed transactions will be settled as soon as possible, but this may take longer than usual.

If you’d like to learn more, here’s the official description of the upcoming merge from the Ethereum Foundation. If you have any direct questions, please reach out to our depository partner Equity Trust here or at (855) 233-4382.

Which cryptocurrencies may be affected?

The BitIRA-supported cryptocurrencies that are affected by the upcoming merge include:

  • ETH – Ethereum
  • AAVE – Aave 
  • BAT – Basic Attention Token
  • COMP – Compound
  • The DAI stablecoin
  • GRT – The Graph
  • LINK  – Chainlink
  • LPT – Livepeer
  • MKR – Maker
  • UNI – Uniswap
  • YFI – yearn.finance

I have a question…

Please reach out to our depository partner Equity Trust here or at (855) 233-4382.

Cory McDaniels

Cory McDaniels is a digital assets specialist at BitIRA, where he helps individuals better understand cryptocurrencies and their role in long-term financial planning. With years of experience in the crypto space, Cory is known for breaking down complex concepts into clear, practical insights that everyday people can actually use. His focus is on education and accessibility, making emerging technologies easier to navigate for anyone curious about digital assets.