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Bithumb Announces Temporary Suspension of DYDX Services

Bithumb Announces Temporary Suspension of DYDX Services

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by Aisha Farooq

2 months ago

Bithumb, one of the leading cryptocurrency exchanges, has announced a temporary halt on all deposit and withdrawal services for the DYDX token. This decision comes as part of a necessary network upgrade aimed at enhancing security and performance. According to the official information, users are advised to stay updated on the situation as the exchange works to complete the upgrade.

Maintenance Period Announcement

The maintenance period is set to commence on January 30, 2025, at 8:00 AM UTC. During this time, users will not be able to deposit or withdraw DYDX tokens.

Importance of the Upgrade

Bithumb emphasizes that this upgrade is crucial for maintaining the integrity of the network and ensuring the safety of user funds.

Duration and Updates

The exchange has not specified the expected duration of the maintenance but assures users that updates will be provided as the situation develops.

Nifty Gateway recently announced its plans to cease operations by February 23, 2026, marking a significant change in the NFT marketplace. This decision contrasts with Bithumb's ongoing network upgrade for the DYDX token. For more details, see Nifty Gateway closure.

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