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IOTA Deposits and Withdrawals Paused on OKEx. Here's Why It's a Nothing Burger
OKEx, the second largest exchange by trading volume, is suspending the deposits and withdrawals of IOTA (MIOTA). Luckily, there is no reason to fret about it – the pause was simply caused by IOTA’s upcoming client upgrade.
IOTA DEPOSITS & WITHDRAWALS SUSPENSION: We have paused the deposits and withdrawals of IOTA from 13pm Jan 23, 2019 (CET, UTC+1) due to the IOTA client upgrade. The services will be resumed once the upgrade is complete.#OKExAnnouncement https://t.co/dG5EWobOqi
— OKEx (@OKEx) January 23, 2019
No need to worry
Some customers might be worried that their deposited tokens will turn out to be lost and non-retrievable due to the suspension. The exchange ensures its customers that all IOTA deposits will be credited once the above-mentioned upgrade is completed. The exact time when transactions will be resumed is not specified.
Yuri MolchanOKEx previously paused IOTA deposits and withdrawals in June 2018 due to maintenance on synchronization nodes.
IOTA’s on a roll
Despite the inconveniences, IOTA has had a remarkable week. On Monday, the leading Blockchain 3.0 project teamed up with a leader in VR gaming. On top of that, IOTA’s penchant for working on real-world use cases was recently praised by Taiwanese ‘Crypto Congressman’ Jason Hsu.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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