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Ethereum (ETH) moves from proof-of-work to proof-of-stake (The Merge). This migration will take place upon hitting a specific Terminal Total Difficulty, expected on Sept 15th (around 06:00 AM UTC).
In order to support the Ethereum (ETH) Merge smoothly, deposits and withdrawals for ETH and all Ethereum-based (ERC20) tokens will be temporarily suspended 1 hour prior to the Ethereum Merge at approximately 05:00 UTC
Spot trading and Futures trading will not be affected.
Learn more:
Kraken blog: https://blog.kraken.com/post/15260/what-you-should-know-about-the-ethereum-merge-on-kraken/
Ethereum Foundation: https://blog.ethereum.org/2022/08/24/mainnet-merge-announcement
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