Binance to temporarily suspend IOTA token transfers ahead of network upgrade
Binance to halt IOTA withdrawals May 5
Binance, one of the world’s leading cryptocurrency exchanges, has announced a temporary suspension of deposits and withdrawals for tokens on the IOTA (IOTA) network due to an upcoming network upgrade and hard fork.
According to the official statement released by the exchange, the suspension will begin on May 5, 2025, at approximately 06:00 UTC, one hour before the upgrade is scheduled to take place at 07:00 UTC. The measure is intended to ensure a smooth transition and maintain high standards of service and security for Binance users.
What users need to know
Binance clarified that trading of IOTA tokens will continue as usual throughout the upgrade period. All technical procedures will be handled by Binance, so users do not need to take any action regarding their holdings on the platform.
Resumption of services and upgrade details
The exchange added that deposits and withdrawals on the IOTA network will resume after the upgrade is fully implemented and the network is deemed stable. No further announcement will be made regarding the reopening, so users are advised to monitor the status of operations directly via the platform.
The upcoming IOTA network upgrade is expected to improve performance, scalability, and efficiency, marking an important step toward broader blockchain adoption.
This preventive measure reflects Binance’s ongoing commitment to platform reliability and client protection during key network events. Users are encouraged to complete any necessary transfers in advance to avoid potential delays.
It is also worth noting that Binance recently published a detailed outline of its listing and delisting processes, aiming to provide greater transparency and clearer expectations for project teams working with the platform.
