Binance to Suspend ETH Deposits and Withdrawals for One Hour on May 21 as Exchange Continues Wallet Infrastructure Upgrades While Maintaining Full Ethereum Trading Services Across Spot and Futures Markets
On May 21, the world’s top cryptocurrency exchange, Binance, will temporarily suspend the deposits and withdrawals of the Ethereum (ETH) wallet due to scheduled maintenance. The upgrade will take about an hour, during which the ETH trading services will remain fully functional, the exchange said.
Binance Confirms Temporary ETH Transfer Suspension
According to Binance, the maintenance will only impact ETH deposits and withdrawals on the Ethereum network. All trading pairs of ETH will be up and running on the platform, including spot trading and ETH futures.
“Deposits and withdrawals for token(s) on the above network will be reopened after the upgraded network is said to be stable. No further notification will be made,” the exchange said.
Those trying to transfer ETH into or out of Binance during the maintenance may experience delays, or transactions may be rejected until the services are restored.
Ethereum Network Remains Fully Operational
The suspension is not due to any problem with the Ethereum blockchain, but rather an issue with Binance’s own wallet structure. Transactions on other exchanges, wallets, and decentralized platforms will proceed without a problem.
Major crypto exchanges perform routine maintenance as part of their operations, such as making backend upgrades, security checks and infrastructure improvements. Binance has faced similar temporary bans on other blockchain networks in the past, such as Ethereum, Cardano, and BNB Chain.
In 2025, Binance also completed a more extensive upgrade to its wallet infrastructure, which caused a temporary halt to deposits and withdrawals on all network types for around 15 minutes.
Users Advised to Plan ETH Transfers Carefully
Some users might be impacted by the temporary disruption, such as those who use fast ETH transfers for decentralized finance (DeFi), arbitrage trading, staking, or cross-platform settlements. During times of high market activity, analysts point out, exchange maintenance windows can have a temporary effect on liquidity flows.
Binance handles one of the highest percentages of global crypto spot trading volume on a daily basis, with its daily updates on the platform monitored by all market participants.
Also Read: Gujarat Police Uncover Rs. 226 Crore Crypto Network Linked to Global Terror Funding
Binance Expands Product Offerings and Regional Services
Alongside the wallet maintenance update, Binance has continued expanding its trading and regional operations. The exchange recently added a BTC/USD1 perpetual contract with up to 100x leverage and a CBRS/USDT perpetual contract with up to 10x leverage.
The company has also recently delisted several tokens, including Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS), due to a lack of liquidity, trading volume, and project activity.
Additionally, Binance opened seven new official channels on WhatsApp, all of which have been targeting users in India, Ukraine, Kazakhstan, Mexico, Peru, Colombia, and Russian-speaking countries in its global use engagement strategy.
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