Binance will temporarily suspend Bitcoin deposits and withdrawals on Dec. 1, as it intends to carry out its usual wallet maintenance.
In a new tweet, crypto exchange Binance has notified its users of wallet maintenance for the Bitcoin network. According to the information published on its website, Binance will perform wallet maintenance for the Bitcoin Network (BTC) on Dec. 1, 2022, at 6:00 a.m. UTC, which will last for about an hour.
#Binance will perform wallet maintenance for #Bitcoin Network (BTC) on December 1, 2022 at 06:00am UTC.https://t.co/SufXyRtcXt— Binance (@binance) November 30, 2022
While the trading of Bitcoin will not be affected during wallet maintenance, deposits and withdrawals on the Bitcoin Network (BTC) will be suspended starting at 5:55 a.m. UTC on Dec. 1.
The crypto exchange says it will reopen deposits and withdrawals after maintenance is complete and may not need to notify users in a further announcement.
Today, Binance announced its entry into Japanese markets by acquiring 100% ownership of Sakura Exchange BitCoin (SEBC), the Japanese-registered crypto exchange service provider.
In other news, the top crypto exchange announced it had completed the integration of USD Coin (USDC) on the Algorand network. This implies that deposits and withdrawals for USD Coin (USDC) are now open on the Algorand network.
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