Binance to Temporarily Suspend Ethereum Network Deposits and Withdrawals on August 27

BitcoinWorld Binance to Temporarily Suspend Ethereum Network Deposits and Withdrawals on August 27 Binance, the world’s largest cryptocurrency exchange by trading volume, announced it will temporarily suspend deposits and withdrawals on the Ethereum network starting at 5:55 a.m.

UTC on August 27. The suspension is part of scheduled wallet maintenance, a routine procedure the exchange performs to ensure the security and efficiency of its infrastructure.

What the Suspension Means for Users During the maintenance window, deposits and withdrawals of ETH and ERC-20 tokens on the Ethereum network will be paused. Trading on Binance will not be affected, and users can still hold and trade their assets on the platform.

The exchange has stated that the suspension is temporary and will be lifted once maintenance is complete, without providing a specific end time.