Binance, the world’s largest cryptocurrency exchange by trading volume, has announced a scheduled wallet maintenance on the BNB Smart Chain, set to take place on April 17 at 06:00 UTC. In preparation for the update, all deposits and withdrawals involving BEP-20 tokens will be paused starting at 05:55 UTC, five minutes ahead of the maintenance window.
According to Binance’s official statement, the maintenance will last approximately one hour, though the exchange has not committed to a fixed end time. The platform emphasized that deposits and withdrawals will only resume once the network is deemed stable.
Importantly, trading activities for BNB and other BEP-20 tokens will continue uninterrupted. Binance reassured users that the maintenance will not affect spot or futures trading, as the wallet operations are independent of the trading engine.
The exchange also advised users to avoid initiating token transfers shortly before or during the maintenance window. “No user action is required,” Binance noted, adding that all technical adjustments will be handled internally.
Despite broader market volatility and ongoing outflows from U.S.-based Bitcoin ETFs, Binance whales have remained largely calm. Analysts suggest this composure reflects confidence in the platform and the resilience of the BNB ecosystem.
The BNB Smart Chain continues to be a major player in the DeFi space. With over $5.14 billion in total value locked (TVL), it supports more than 1,500 decentralized applications. Data from DeFiLlama indicates that the chain handled over $667 million in DEX volume in the past 24 hours and collected over $613,000 in network fees.
Also Read: CZ Binance Slams WSJ Report, Denies Role in TRON Lawsuit—BNB Investors React
Binance has clarified that no follow-up announcement will be made once services resume. Users are encouraged to monitor official channels for real-time updates.
Meanwhile, Binance is preparing to launch LDUSDT, a new futures product that allows users to earn yield on locked USDT while actively trading.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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