Bithumb has temporarily suspended operations with REI tokens due to a network upgrade, following the example of other major exchanges.
Bithumb Halts REI Token Operations
Bithumb announced a suspension of operations with REI tokens as a standard industry practice during network upgrades. This decision was made to ensure network stability during the upgrade. Similar suspensions are occurring on exchanges like Upbit and Binance.
"Deposits and withdrawals of REI tokens have now been suspended due to an interruption in block generation on the REI Network due to the network upgrade."
CITE_NA: "Deposits and withdrawals will be restored after the upgrade is completed and the network is stabilized."
REI Token Isolated from Other Cryptocurrencies
The primary impact is on REI tokens, while other cryptocurrencies such as ETH and BTC remain unaffected. This indicates that exchanges and analysts are taking measures to maintain market stability despite temporary suspensions. Analysts note that network stabilization aligns with past practices and is managed cautiously.
Routine Suspension Protocol During Network Upgrades
Past instances of similar suspensions have occurred during major network upgrades, including assets like ZKSync. These strategies are common to temporarily secure transactional integrity. Experts emphasize that such procedures minimize long-term effects and maintain user confidence in exchange operations.
The temporary suspension of operations with REI tokens on Bithumb highlights the routine approach to network upgrades in the crypto industry. Despite short-term disruptions, other cryptocurrencies continue to operate stably.
