TRX Deposits and Withdrawals Suspended on Binance for Network Upgrade and Wallet Maintenance

IconCryptoNewsTerminal Staff05 Jun, 2024

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TRX Deposits and Withdrawals Suspended on Binance for Network Upgrade and Wallet Maintenance

Binance, the world's leading cryptocurrency exchange, has announced the temporary suspension of Tron (TRX) deposits and withdrawals to support a network upgrade and wallet maintenance. This suspension will take effect on June 16th at 00:50 AM (UTC). During this maintenance period, users will not be able to deposit or withdraw TRX from Binance. However, trading of TRX will not be affected and will continue as usual. Binance has stated that the maintenance is expected to be completed within a few hours, and TRX deposits and withdrawals will resume as soon as possible. The exchange has also advised users to adjust their deposit and withdrawal plans accordingly. This suspension is part of Binance's ongoing commitment to providing a secure and reliable platform for its users. By supporting network upgrades and wallet maintenance, Binance ensures that its users' funds are protected and that the platform operates smoothly.