Binance Will Temporarily Suspend Withdrawals and Deposits on the Ethereum (ETH) Network: Details
TL;DR
- binance will temporarily suspend ETH deposits and withdrawals for two hours during wallet maintenance.
- The company regularly updates its platform by adding new trading pairs and delisting certain cryptocurrencies due to security or liquidity issues and aims to constantly improve the user experience.
The world’s largest cryptocurrency exchange will perform wallet maintenance for the Ethereum (ETH) network on May 29. The process is planned to take approximately two hours.
Binance to support development temporarily suspended Deposits and withdrawals on the ETH network and request When everything goes well, continue operations wrapped up.
The company assured that trading of assets In the mentioned ecosystem request will not be affected and has promised to meet all technical requirements that concern users.
It is worth noting that Binance stated that no further announcements will be made on the above issues. This means: regardless of users to encounter News on the internet should be approached with caution.
Previous Similar Efforts
Stock market at the beginning of this year temporarily stopped solana (SOL) withdrew, citing “increased transaction volume on the network.” He apologized customers due to inconvenience and after a few days services were restored.
Binance frequently updates its platform to respond to the latest market trends to improve user experience. lately this extended List of trading options available on Binance Spot with the following pairs: pepe/EURO, AR/FDUSD, ENA/EUR, REZ/USDC and TRB/FDUSD. It also allowed trading bot services for PEPE/EURO, BB/USDT, NOT/USDT, AR/FDUSD, ENA/EUR, PEPE/EUR, REZ/USDC and TRB/FDUSD.
Before that is, the company Additional XRP/JPY, SHIB/JPY, ADA/JPY and SOL/JPY trading pairs on Binance Spot and simplified trading for Mexican users introduction A direct pair between USDT and MXN.
Removing from the list some cryptocurrencies due to security concerns or poor liquidity It was on the company’s agenda, more. IT terminated Trading services with Monero (XMR) and three other altcoins – aragon (ANT), Multi-Chain (MULTI) and Vai (VAI) – In February.
Binance at the beginning of this month announced will be stopped support for ripple‘s XRP and stablecoin TUSD as margin assets in Multi-Asset Mode. The change is scheduled to go into effect today (May 28) and any remaining XRP and TUSD balances in futures wallets will be automatically converted to USDT.
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