Update: “The Merge” network upgrade by Ethereum and what it means for you

August 31, 2022

We’d like to give you an important update.

Zipmex will support Ethereum’s “The Merge” network upgrade, tentatively scheduled between 10 – 20 September 2022*. (Read more here: link)

What happens next?

  • To support the system upgrade, withdrawals of ETH and ERC-20 tokens will be paused tentatively during the following times:
    • 06 September 2022 at 19:00 UTC+8 (or 11:00 UTC) until the Bellatrix consensus layer upgrade is completed, AND
    • 15 September 2022 at 8:00 UTC+8 (or 00:00 UTC) until “The Merge” upgrade is completed
    • Withdrawals will be paused until the respective network upgrades are completed
  • Your wallet balances of ETH and ERC-20 tokens will not be affected. No action is required from you during the ETH upgrade.

We’ll follow any and all announcements by Ethereum closely and let you know when the network upgrade is complete and withdrawal functionality is re-enabled. Follow our social channels to stay up to date.

Why The Merge matters

  • Ethereum’s consensus layer protocol will transition from proof of work (PoW) to proof of stake (PoS) (to read more: link)
  • The Merge will reduce Ethereum’s energy consumption by roughly 99.95%. This will give it a huge advantage over other blockchains. 
  • The Merge sets the foundation for future scaling solutions which will make the Ethereum network faster and more efficient. 

*Ethereum’s Merge has been scheduled for TTD 58,750,000,000,000,000,000,000. This TTD is approximately scheduled to be reached during 10 – 20th September 2022.

TTD (Terminal Total Difficulty) is the total difficulty required of the final block mined in Ethereum’s Proof-of-Work (PoW) mechanism.

For further enquiries, reach out to Customer Support on Live Chat – we’re ready to help 24/7.

Email: [email protected] 

Facebook: Zipmex Asia

*Investing in digital assets carries a high level of risk, including the risk of losing all of the invested amount. Investors should refer to the offering information prior to investing as well as invest appropriately with acceptable risk levels. For more information visit https://zipmex.com 

We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.


The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of Zipmex.

Before you pay Zipmex any money or DPT, you must be aware of the following.

  1. Zipmex is not currently licensed by MAS to provide DPT services. This means that you will not be able to recover all the money or DPTs you paid to Zipmex if Zipmex’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by Zipmex.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that Zipmex may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
  5. DPT held in your Hosted Wallet is not subject to the Singapore Deposit Insurance Scheme (“SDIC”) or any similar insurance or guaranty scheme of any other jurisdiction. In addition, funds stored in your Fiat Wallet do not benefit from the SDIC or any similar insurance or guaranty scheme of any other jurisdiction.

ZipUp+ products have not been approved by the Monetary Authority of Singapore (“MAS”) under the Payment Services Act 2019 and MAS has not reviewed or approved any features of these product offerings. Please review this link for the full terms and conditions and risk disclosure.