Binance Updates: Ethereum Network Maintenance and Altcoin Delistings

Binance has announced two important updates for its users regarding Ethereum and other altcoin traders. The first update involves a brief suspension of deposits and withdrawals on the Ethereum network on August 27 to support wallet maintenance. This process is expected to take about one hour, after which operations will resume.

The exchange assured that it will handle all technical requirements involved for all affected users and said that trading of tokens on the aforementioned network will not be impacted. This type of upgrade is routine and typically carries no significant complications for clients, according to Binance.

In another update, Binance has decided to delist three altcoins: ICON (ICX), Secret (SCRT), and Storj (STORJ). The delisting is scheduled for September 3, when all spot trading pairs of the aforementioned tokens will be removed. This decision comes after a thorough review of these digital assets by Binance.