Cryptocurrency Q&A
Why is ERC-20 suspended on Binance?
Why is ERC-20 suspended on Binance?
Martina
Wed Jul 24 2024
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5 answers
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I'm curious to know, why has ERC-20 been suspended on Binance? Is this a temporary or a permanent measure? Could you elaborate on the reasons behind this decision? How does this affect ERC-20 token holders and traders on the platform? Are there any alternative options for ERC-20 trading on other exchanges? What steps are being taken to ensure a smooth transition and minimal disruption for users?
5 answers
Nicola
Fri Jul 26 2024
Binance, a prominent figure in the global cryptocurrency landscape, has made a recent announcement that has captured the attention of the entire crypto community. The world's largest cryptocurrency exchange has decided to halt deposits and withdrawals of Ethereum and ERC20 tokens on the ETH network.
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mia_anderson_painter
Fri Jul 26 2024
The rationale behind this temporary suspension stems from the need to carry out essential wallet maintenance for the Ethereum network. This maintenance is crucial to ensure the continued smooth operation and security of the network, thereby safeguarding the interests of all users.
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Eleonora
Fri Jul 26 2024
The duration of this maintenance is anticipated to be approximately two hours, a timeframe that has been carefully considered to minimize disruption to users' experience. During this period, users will not be able to deposit or withdraw Ethereum or ERC20 tokens via the ETH network.
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Lorenzo
Thu Jul 25 2024
It's worth noting that Binance, as a leading cryptocurrency exchange, regularly conducts such maintenance activities to ensure the integrity and reliability of its systems. This latest announcement underscores the exchange's commitment to maintaining the highest standards of security and operational efficiency.
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Chloe_carter_model
Thu Jul 25 2024
Another noteworthy player in the cryptocurrency sphere is BTCC, a UK-based exchange that offers a comprehensive range of services. BTCC's portfolio includes spot trading, futures trading, and a secure wallet solution, among others. These services cater to the diverse needs of crypto enthusiasts and investors, making BTCC a one-stop-shop for all things crypto.
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