Binance Suspends XEC Transactions for Scheduled Network Upgrade
- eCash network upgrade on May 15, 2025.
- Trading activities remain operational.
- Binance handles technical requirements for users.
Binance will suspend XEC deposits and withdrawals on May 15, 2025, due to an eCash network upgrade.
This suspension helps maintain system stability and minimizes user impact during the eCash upgrade.
Binance has announced a suspension of eCash (XEC) deposits and withdrawals starting May 15, 2025, at 11:00 UTC. The move is to support the network’s scheduled upgrade. Although transactions will pause briefly, trading services remain unaffected.
“We will be temporarily suspending deposits and withdrawals for eCash starting on May 15, 2025, at approximately 11:00 UTC to support the network upgrade.” – Binance Support Team, Official Announcement, Binance
The upgrade only affects eCash (XEC) deposits and withdrawals. Binance will manage all technical requirements to ensure a smooth transition, minimizing disruption for users. This approach mirrors its handling of previous upgrades, such as Ethereum’s earlier this month.
The suspension briefly impacts users’ access to deposits and withdrawals. However, with trading unaffected, market destabilization is expected to be minimal. Binance’s structured approach prioritizes system stability and user experience during network transitions.
Binance is expected to resume normal operations once the eCash network upgrade is deemed stable. There are no additional announcements planned for the restoration of deposit and withdrawal services. Users are advised to prepare accordingly for the temporary suspension. Historical precedents suggest similar upgrades have smoothly transitioned without major disruptions. The alignment of technical procedures reinforces confidence in a successful network upgrade completion.
