The post Bitcoin Exchange Binance Temporarily Suspends Deposits and Withdrawals on These Networks! Here’s Why appeared on BitcoinEthereumNews.com.

Binance has announced full support for the upcoming Ethereum (ETH) network upgrade and hard fork scheduled to occur today at 1:05 PM ET. Binance Will Support Ethereum Network Upgrade and Hard Fork As part of the process, Binance will temporarily suspend deposits and withdrawals for Ethereum and several associated networks starting at 12:45 PM on the same day. The affected networks include Ethereum (ETH), Arbitrum (ARB), Optimism (OP), zkSync Era (ZKSYNC), Base (BASE), Manta Network (MANTA), Starknet (STRK), Polygon (POL), Metis (METIS), Scroll (SCR), Cyber (CYBER), Metal DAO (MTL), Celo (CELO), and Worldcoin (WLD). Binance emphasized that token trading on these networks will not be affected and users can continue to buy, sell, and trade without interruption. The exchange will manage all technical requirements related to the upgrade on behalf of users. Deposits and withdrawals will resume once Binance confirms that the networks are stable and secure, but no further announcements regarding the reopening are expected. This planned upgrade is part of Ethereum’s ongoing development roadmap to improve scalability, efficiency, and network stability. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/bitcoin-exchange-binance-temporarily-suspends-deposits-and-withdrawals-on-these-networks-heres-why/

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Filed under: News - @ May 7, 2025 6:29 pm