Binance Temporarily Suspends Transfers and Deposits on the Ethereum Network: Details

It does not affect the trading of tokens on the network, the exchange is assured.

The world’s largest cryptocurrency exchange will support an upgrade later this week, during which deposits and withdrawals of tokens on the Ethereum network will be suspended.

In addition, it will expand the list of trading options on Binance Spot, as the effort is once again focused on stablecoin U (United Stables).

Upcoming development

Binance has revealed that an upgrade to the Ethereum network is scheduled for March 10 and is expected to take about an hour to complete. Once the process is complete and the system is confirmed to be working properly, deposits and withdrawals will resume.

The company assured that the business assets in the aforementioned ecosystem will not be affected and promised to fulfill all technical requirements related to the user. It also said that there will be no further announcement on the above.

This is a standard procedure that Binance has done many times before without fail. Aside from the brief suspension of Ethereum-related transactions during the update, the exchange has implemented similar measures to support improvements in various ecosystems, including Cardano, BNB Smart Chain, and others.

Binance also shared another update with its community today (March 9). It has confirmed that the new trading pairs – BCH/U, NEAR/U, TRX/U and NEAR/USD1 – will launch on March 10, and support for trading bots will begin on the same day.

The listing effort once again focuses on U (United Stables) – a stablecoin launched last year and pegged to the greenback. Last week, the company opened trading for AVAX/U, LINK/U, LTC/U, PAXG/U and ZEC/U. Earlier, it added ADA/U, DOGE/U and PEPE/U to its Cross Margin section, while XRP/U, SUI/U, ASTER/U and PAXG/U were listed on the Spot market.

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Excluded from the list

The exchange has a strict policy of liquidating certain pairs that no longer meet its standards.

On March 5, it said goodbye to the cross-margin pairs CHZ/BTC, CAKE/BTC, ENA/BTC, UNI/ETH, CRV/BTC, INJ/BTC, XTZ/BTC and the separate margins FET/BTC, OP/BTC, PAXG/BTC, ECAKE, CHZBTC/BTC. CRV/BTC, INJ/BTC, XTZ/BTC. A day later, it removed the spot trading pairs CHZ/BNB, ENA/BRL, NEIRO/JPY and RLC/BTC.

When withdrawals are focused on a specific cryptocurrency rather than trading pairs, it usually has a negative impact on the price. Such was the case at the end of 2025, when Binance stopped all services with Flamingo (FLM), Kadena (KDA) and Perpetual Protocol (PERP). The digital assets involved fell by double digits shortly after the announcement.