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Binance Will Temporarily Suspend Ethereum (ETH) Withdrawals For Maintenance

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Binance will stop Ethereum network (ERC20) deposits and withdrawals temporarily for  scheduled maintenance 

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Leading cryptocurrency exchange Binance alerts Ethereum network users to a significant event that may have an impact on deposits and withdrawals on a specified date: the crypto exchange will be undergoing standard wallet maintenance.

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Binance has announced that it would perform wallet maintenance for the Ethereum network (ERC20) on October 24 at 7:00 a.m. (UTC). It will take roughly two hours to complete the maintenance.

As a result, Binance has announced that deposits and withdrawals on the Ethereum network (ERC20) would be suspended on October 24 at 6:55 a.m. (UTC). During wallet maintenance, trade of digital assets and currencies on the Ethereum network (ERC20) will not be impacted.

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Binance completed wallet maintenance on the Tron network earlier this week, on October 18. Binance warned users not to panic once the news broke, warning that they might witness 👆 huge transfers from TRX hot wallets as a result.

As accumulation increases, Ethereum reaches a new milestone

According to IntoTheBlock data, a new milestone has been attained.

According to Santiment, whale addresses with more than one million ETH now control 32.3% of the supply for the first time since July 16, indicating significant accumulation.

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On October 16, ETH transactions worth more than $1 million recorded their second highest day in a month.

ETH was up 4.37% in the last 24 hours to $1,615 at the time of writing.CRYPTOCASTER® - DECENTRALIZED FREEDOM!


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