Bithumb, one of the leading cryptocurrency exchanges, has implemented temporary restrictions on deposits and withdrawals for Zedxion and Zedcex. This decision is part of the exchange's routine network upgrade practices, aimed at ensuring the security and stability of user transactions. Based on the data provided in the document, users are advised to stay updated on the status of these services.
Clarification from Bithumb's CEO
In a statement, Bithumb's CEO, David Shin, clarified that these measures are not indicative of new restrictions on the tokens, countering recent speculation within the community. He emphasized that the temporary suspension is a precautionary step while the network upgrades are underway.
Community Response and Market Impact
The cryptocurrency community is closely monitoring the situation, with many assessing the potential market impacts of these restrictions. However, historical data indicates that Bithumb's suspensions typically last between 24 and 72 hours, often resulting in minimal disruption to trading activities.
On January 29, 2026, QXMP Labs announced its transition to a controlled liquidity activation phase for the QELT blockchain, enhancing user engagement and deployment processes. This development contrasts with Bithumb's recent restrictions on Zedxion and Zedcex deposits and withdrawals. For more details, read more.
