Binance to Pause Ethereum Network Deposits and Withdrawals on August 27
Binance, the world's largest cryptocurrency exchange by trading volume, has announced that it will temporarily suspend Ethereum network deposits and withdrawals on August 27. This maintenance is a routine procedure to ensure the security and efficiency of its infrastructure.
The suspension will start at 5:55 a.m. UTC on August 27 and will affect deposits and withdrawals of ETH and ERC-20 tokens on the Ethereum network. However, trading on Binance will not be affected, 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, without providing a specific end time. Historically, such maintenance windows typically last a few hours, but users are advised to monitor Binance's official announcements for updates.