Binance has announced a suspension of eCash deposits and withdrawals for a network upgrade scheduled for May 15, 2025.
Suspension of eCash Operations on Binance
Binance will suspend deposits and withdrawals of eCash (XEC) starting May 15, 2025, to support the network upgrade and hard fork. This decision is part of Binance's protocol for upgrades aimed at preventing any disruptions, while trading will remain accessible. "Starting at approximately 2025-05-15 11:00 (UTC), deposits and withdrawals of token(s) on the eCash (XEC) network will be suspended to support its network upgrade and hard fork."
Trading Remains Available
Binance assures users that trading of eCash will continue despite the suspension of deposits and withdrawals due to the network upgrade. The broader market and major cryptocurrencies remain unaffected, confirming Binance's effective management during routine maintenance.
Historical Context of Network Upgrades
Historically, similar measures have been taken by Binance during Ethereum upgrades. Such measures ensure network integrity and user security. In the past, there have been no significant market disruptions during these maintenance periods, predicting a seamless experience for users.
The suspension of eCash deposits on Binance is aimed at improving the network and ensures that trading of tokens will remain available to users. Considering previous upgrades, this update is expected to proceed smoothly.
