Bithumb, one of the leading cryptocurrency exchanges, has announced a temporary suspension of MERL transactions as part of a network upgrade scheduled for November 7th. This move is aimed at enhancing the overall trading experience for users, and the source reports that the upgrade will introduce several new features and improvements.
Suspension of MERL Token Transactions
The suspension will commence at 12:35 PM UTC, during which time deposits and withdrawals of MERL tokens will be halted. Users can rest assured that their existing MERL holdings will remain secure in their Bithumb wallets throughout this period.
Upgrade Details
This upgrade is designed to implement significant improvements, including:
- enhanced security measures
- faster transaction speeds
- better scalability for the MERL network
Trader Recommendations
Traders are encouraged to finalize any urgent MERL transactions before the suspension begins and to keep an eye on Bithumb's official channels for updates regarding the resumption of services.
In light of recent developments, MEXC has announced its commitment to improving user-centric risk control measures, addressing concerns raised by users. For more details, see the full announcement here.
