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Binance to Halt Deposits and Withdrawals for Selected Token Networks

Binance to Halt Deposits and Withdrawals for Selected Token Networks

TraderKnowsTraderKnows
03-13
Summary：Binance will stop supporting deposits and withdrawals for certain token networks including COS and DEGO.

Binance, one of the world's largest cryptocurrency exchanges, announced that it will terminate support for deposits and withdrawals of certain tokens on specific blockchain networks.

Adjustments Involving Two Types of Tokens

According to the platform's announcement, the adjustments include:

  • Deposit and withdrawal services for Contentos (COS) via the Ethereum network
  • Deposit and withdrawal services for Dego Finance (DEGO) via the BNB Smart Chain

After the deadline, deposits made through the aforementioned networks will not be credited to users' accounts.

Regular Management of Exchange Networks

Cryptocurrency exchanges typically make periodic adjustments to the blockchain networks they support, based on network usage, security risks, and technical maintenance requirements.

For users, changes in cross-chain deposit paths may introduce certain operational risks, so exchanges usually issue announcements in advance to prevent accidental asset transfers.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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