Binance Temporarily Halts ETH Deposits and Withdrawals for Maintenance

Binance, the world's largest cryptocurrency exchange by trading volume, will temporarily suspend Ethereum network deposits and withdrawals on August 27. The suspension is part of scheduled wallet maintenance to ensure the security and efficiency of its infrastructure.

The maintenance window will start at 5:55 a.m. UTC, during which time deposits and withdrawals of ETH and ERC-20 tokens on the Ethereum network will be paused. However, trading on Binance will continue as normal, and users can still hold and trade their assets on the platform.

Binance has stated that the suspension is temporary and will be lifted once maintenance is complete, but did not provide a specific end time. Historically, such maintenance windows typically last a few hours, and users are advised to monitor Binance's official announcements for updates.