Binance Temporarily Pauses Deposits and Withdrawals for Network Upgrades

Binance Temporarily Pauses Deposits and Withdrawals for Network Upgrades

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by Kofi Adjeman

a year ago

Made with AI

Binance, one of the leading cryptocurrency exchanges, has announced a temporary pause on deposits and withdrawals for MANTRA OM and MultiversX (EGLD) on March 25, 2025. This scheduled maintenance is part of a routine infrastructure upgrade aimed at improving network performance. The source notes that users should plan their transactions accordingly to avoid any inconvenience during this period.

Upgrade to Enhance Network Efficiency

The upgrade is designed to enhance the overall efficiency of the affected networks while ensuring that trading activities remain uninterrupted. Binance has reassured its users that no significant price fluctuations or market reactions are anticipated during this period, allowing traders to continue their operations without concern.

Smooth Transition Without Key Opinion Leaders

Furthermore, the upgrades will be carried out without the involvement of key opinion leaders, ensuring a smooth transition. Services for MANTRA OM and MultiversX (EGLD) will resume promptly once the network stability is confirmed, allowing users to access their funds and continue trading as usual.

On October 26, 2025, the ERC1155 token standard was introduced, revolutionizing digital asset management by combining features of ERC20 and ERC721. This development contrasts with Binance's recent maintenance announcement for MANTRA OM and MultiversX (EGLD). For more details, see read more.

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