Major Binance Warning: The Exchange Will Briefly Suspend Deposits and Withdrawals Next Week

Binance users should prepare for a temporary interruption to some main services at the start of next week due to scheduled maintenance. On the bright side, the disruption is expected to last only about an hour, after which all operations should return to normal.

Cause for Concern? Binance announced it will perform an infrastructure wallet upgrade on September 22 and, to support the process, will temporarily stop deposits and withdrawals. The company said token trading will not be impacted during the maintenance.

It also assured that everything will return to normal once the system is deemed stable. Such endeavors are quite frequent and shouldn’t trigger panic across the community.

Earlier this summer, for example, Binance briefly halted deposits and withdrawals on the Bitcoin (BTC) network to perform wallet maintenance.