Binance Sets September 22 Wallet Upgrade for One Hour

Abstract:Binance will temporarily pause deposits and withdrawals across its platform on September 22 during a scheduled wallet infrastructure upgrade. The exchange

Binance will temporarily pause deposits and withdrawals across its platform on September 22 during a scheduled wallet infrastructure upgrade. The exchange plans to begin the maintenance at 06:00 UTC. Binance expects the upgrade to last about one hour, although services could return sooner if systems stabilize earlier.

Trading will continue normally throughout the maintenance window. Hence, users can still trade their assets while transfers remain temporarily unavailable.

Binance Plans Brief Wallet Maintenance

Binance said the upgrade aims to strengthen its wallet infrastructure and improve the overall service experience. Additionally, deposits and withdrawals will reopen once the exchange confirms system stability. However, Binance will not issue another announcement when transfer services resume.

Users planning transfers around the maintenance window may therefore need to adjust their timing. Consequently, deposits initiated before the pause may require additional time to process.

More Binance Trading Changes Ahead

Besides the wallet upgrade, Binance has announced several changes involving selected trading pairs. The exchange will remove BREV/USDC, COOKIE/USDC, LA/USDC, and QNT/USDC on September 18 at 03:00 UTC.

Binance will also remove five margin pairs later that day. These include ENJ/USDC, GENIUS/USDC, CVX/USDC, GUN/USDC, and VANA/USDC.

Moreover, Binance plans to end all spot trading pairs for Pax Dollar on September 24. Significantly, these changes do not remove the underlying tokens from Binance Spot where other pairs remain available.

Disclaimer

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Previous Post

Aave V4s Arc market is swimming in $76 million of USDC nobody is borrowing

Next

CASHCAT rallies 32% as DeFi utility grows - Is the correction over?