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Bithumb Announces Temporary DYDX Suspension for Network Upgrade

Bithumb Announces Temporary DYDX Suspension for Network Upgrade

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by Rajesh Kumar

7 months ago

Bithumb, one of the leading cryptocurrency exchanges, has announced a temporary halt on deposits and withdrawals for DYDX tokens. This decision comes as part of a crucial network upgrade aimed at enhancing the performance and security of the dYdX network, as stated in the official source.

Suspension Details

The suspension will take effect starting at 9:00 AM UTC on November 6, and users are urged to plan their transactions accordingly. During this period, holders of DYDX tokens will not be able to deposit or withdraw their assets, although trading activities for DYDX are expected to continue without interruption.

Advice for Users

Bithumb has advised users to stay informed through their official channels for any updates regarding the upgrade and the resumption of services.

In a recent development, OKX has announced the listing of Hyperliquid (HYPE) on its spot market, providing users with a timeline for trading. This comes shortly after Bithumb's decision to halt DYDX transactions for a network upgrade. For more details, see read more.

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