Bithumb Suspends NEAR Deposits and Withdrawals on 9/23

Bithumb Suspends NEAR Deposits and Withdrawals on 9/23

Bithumb, a prominent cryptocurrency exchange, has announced that NEAR deposits and withdrawals will be temporarily suspended on September 23rd at 7 PM (KST) due to an upcoming network upgrade. The suspension will allow Bithumb to upgrade its systems to support the latest NEAR protocol update, ensuring the stability and security of its platform. During the suspension period, users will not be able to deposit or withdraw NEAR tokens on Bithumb. Trading of NEAR pairs will remain unaffected, allowing users to continue trading their NEAR holdings on the exchange. Bithumb has advised its users to make necessary arrangements for their NEAR transactions before the suspension takes effect. The exchange has also stated that the suspension is temporary and will be lifted as soon as the upgrade is complete. NEAR is a layer-1 blockchain platform designed to support decentralized applications and smart contracts. It has gained traction due to its scalability and developer-friendly features. The network upgrade is expected to enhance the performance and security of the NEAR ecosystem. Bithumb has a strong track record of supporting NEAR and its community. The exchange has been actively involved in the NEAR ecosystem, offering trading pairs, staking services, and other support initiatives. This suspension demonstrates Bithumb's commitment to providing a safe and reliable trading environment for its users while supporting the growth and development of the NEAR protocol.