TL;DR
- Binance will temporarily suspend eth deposits and withdrawals for two hours during wallet maintenance.
- The company regularly updates its platform by adding new trading pairs and delisting certain cryptocurrencies due to security or liquidity issues, with the continuous goal of improving the user experience.
The next development
The world's largest cryptocurrency exchange will hold wallet maintenance for the ethereum (eth) network on May 29. The process is expected to last approximately two hours.
To support the development, Binance ethereum-network-eth-2024-05-29-950fc34eec1d4a1b883cc44218a6c901?hl=en” target=”_blank” rel=”noopener” data-wpel-link=”external”>temporarily suspend deposits and withdrawals on the eth network and willpower resume operations once everything is wrapped.
The company assured that asset trading about the aforementioned ecosystem willpower will not be affected and agrees to handle all technical requirements involving users.
It is important to note that Binance stated that there will be no further announcements regarding the above. This means that any users cross on the Internet you have to take it with caution.
Previous similar efforts
Earlier this year, the exchange temporarily detained Solana Withdrawals (SOL), citing “increased transaction volume on the network.” He apologized to customers for the inconvenience and restored service a few days later.
Binance frequently updates its platform to respond to recent market trends in a bid to improve user experience. More recently, expanded the list of trading options offered on Binance Spot with the following pairs: PEPE/EURO, AR/FDUSD, ENA/EUR, REZ/USDC and TRB/FDUSD. It also allowed trading of robot services for PEPE/EURO, BB/USDT, NOT/USDT, AR/FDUSD, ENA/EUR, PEPE/EUR, REZ/USDC and TRB/FDUSD.
Before that, the signature aggregate XRP/JPY, SHIB/JPY, ADA/JPY and SOL/JPY trading pairs on Binance Spot and simplified trading for Mexican users at presenting a direct pair between USDT and MXN.
Delisting some cryptocurrencies due to security issues or lack of liquidity has been on the company's agenda, also. He finished trading services with Monero (XMR) and three other altcoins – Aragón (ANT), Multichain (MULTI) and Vai (VAI) – in February.
Earlier this month, Binance Announced that will be discontinued support for Ripple's XRP and TUSD stablecoin as margin assets in multi-asset mode. The amendment is scheduled to take effect today (May 28) and any remaining balance of XRP and TUSD in futures wallets will be automatically converted to USDT.
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