Binance Will Temporarily Suspend Withdrawals and Deposits on the Ethereum Network: Details
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Binance will support an Ethereum network upgrade later this week; ETH token deposits and withdrawals on-chain will be suspended during the upgrade, posing a short-term operational and liquidity risk for users and spot markets. Binance is expanding Spot trading options centered on stablecoin U (United Stables), increasing CEX liquidity and adoption prospects for the stablecoin and broader crypto trading/DeFi on‑ramps.
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The world’s largest crypto exchange will support an upgrade later this week, during which token deposits and withdrawals on the Ethereum network will be halted.
Additionally, it will expand the list of trading options on Binance Spot, as the effort is once again centered on the stablecoin U (United Stables).
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