The world’s leading crypto exchange will briefly halt certain trading services later this week to successfully perform a scheduled upgrade.
It will also delist trading pairs and digital assets that no longer meet the necessary standards.
TRX Investors, Take Note
Binance will conduct wallet maintenance for the Tron Network on August 13, which is expected to take about one hour. During this time, it will suspend TRX deposits and withdrawals and resume operations once everything is wrapped up.
As usual, the company assured that trading of tokens on the aforementioned network will not be impacted and promised to handle all technical requirements involving users.
“Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the network is deemed to be stable. No further announcement will be posted,” the disclosure reads.
Less than a month ago, Binance once again halted TRX deposits and withdrawals to perform wallet maintenance. There haven’t been any complaints or reports of complications, meaning traders and investors shouldn’t be overly concerned about the upcoming disruption.
Over the years, the exchange has taken similar action to support improvements across many other ecosystems, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and others.
The Delistings
The company regularly checks all cryptocurrencies and trading pairs listed on its platform and has the habit of removing those that fail to comply with the required criteria, such as adequate liquidity and trading volume.
Based on its latest analysis, it decided to scrap APT/BTC, AR/BTC, A/USDC, BTTC/TRY, CYBER/USDC, LPT/BTC, and WAL/FDUSD, with the actual delisting scheduled for August 14.
The affected tokens did not witness major volatility following the news, yet it is a completely different story when Binance terminates all services for a certain cryptocurrency.
At the start of August, it triggered a double-digit price collapse for Across Protocol (ACX), Hashflow (HFT), PIVX (PIVX), Vulcan Forged PYR (PYR), Vanar (VANRY), and Viction (VIC) after completely withdrawing support for them. A similar reaction was observed at the end of June when Binance said goodbye to Alchemix (ALCX), Ardor (ARDR), NFPrompt Token (NFP), and Marlin (POND).
In addition to the aforementioned move, the exchange said it will delist and cease trading on all margin trading pairs for BitTorrent (BTT) and Poweledger (POWR) on August 14.
The post Attention Binance Users: Some Services Will Be Temporarily Stopped This Week appeared first on CryptoPotato.
