The world’s largest cryptocurrency exchange, Binance, disclosed it will temporarily Suspends Deposits for ten bridge token networks.
Binance took to Twitter on May 25 to notify its users of the temporary suspension of deposits for some bridge token networks. POLS-BSC, ACH-BSC, BIFI-FTM, SUPER-BSC, AVA-ETH, SPELL-AVAXC, ALPACA-FTM, FTM-ETH, FARM-BSC, and DEXE-BSC are among the affected networks.
Binance clarified that these suspensions would remain in effect until the Multichain team provides further clarification.
The decision was made while the exchange awaited clarification from the Multichain team concerning these particular networks. While specific bridging token networks will be affected, it emphasized that deposits for the assets on other networks will remain available.
The exchange’s decision to suspend deposits for the bridge token networks demonstrates its dedication to regulatory compliance and a secure trading environment.
While awaiting clarification from the Multichain team, Binance intends to resolve any potential ambiguities or risks associated with these networks.
Binance has earned a reputation as one of the world’s largest cryptocurrency exchanges due to its extensive token support and robust trading infrastructure. The exchange remains committed to delivering a seamless user experience while placing a premium on the security of its users assets.
The temporary suspension of deposits for ten bridge token networks indicates the company’s proactive approach to regulatory compliance and risk management.
Binance aims to maintain a secure trading environment for its users by awaiting clarification from the Multichain team. Traders and investors should monitor the exchange’s announcements regarding the resumption of deposits for these particular networks.