Binance Temporarily Suspends ONT Deposits And Withdrawals For Network Upgrade
The post Binance Temporarily Suspends ONT Deposits And Withdrawals For Network Upgrade appeared on BitcoinEthereumNews.com.
Attention all cryptocurrency traders and Ontology enthusiasts! Binance has made an important announcement that directly affects ONT token holders. The exchange will temporarily suspend Ontology deposits and withdrawals to support the network’s upcoming upgrade. This Binance ONT suspension is scheduled to begin at 7:00 a.m. UTC on December 1st. Why is Binance Implementing This ONT Suspension? Binance regularly performs maintenance to ensure smooth operations and support blockchain developments. The current Binance ONT suspension specifically addresses Ontology’s network upgrade and hard fork. These technical improvements enhance security, functionality, and overall network performance. Therefore, the temporary pause ensures your assets remain safe during this critical transition period. What Does This Mean for ONT Traders? While the Binance ONT suspension affects deposit and withdrawal functions, spot trading continues unaffected. You can still: Buy and sell ONT on Binance spot markets Monitor price movements and market trends Manage existing ONT holdings within your wallet However, you cannot transfer ONT to external wallets or receive deposits from other platforms during this period. When Will Normal Services Resume? Binance hasn’t specified an exact end time for the Binance ONT suspension. The exchange typically resumes services once they confirm network stability after upgrades. They will make another announcement when deposits and withdrawals reopen. Meanwhile, keep these practical tips in mind: Complete any urgent ONT transfers before December 1st Monitor Binance announcements for updates Ensure you understand the difference between trading and transfers How Do Network Upgrades Benefit ONT Holders? Network upgrades like Ontology’s hard fork bring significant improvements. The Binance ONT suspension enables these enhancements without risking user funds. Key benefits include: Enhanced security protocols Improved transaction speeds New features and capabilities Better overall user experience These upgrades ultimately increase the value and utility of your ONT holdings. What Should You Do During the Suspension Period? The…
Filed under: News - @ November 26, 2025 3:25 am