Bithumb has temporarily suspended REI token deposits and withdrawals due to a network upgrade, aligning with other major exchanges such as Upbit and Binance as of May 2025.
This suspension highlights routine exchange protocols during network disruptions, impacting only the REI token while leaving major cryptocurrencies unaffected, demonstrating a strategic response to maintain market integrity.
Bithumb Responds to Network Upgrade by Halting REI
Bithumb joined major exchanges in halting REI token transactions, reflecting standard industry practice during network upgrades. The network upgrade has caused a temporary interruption in transactions.
Exchanges like Upbit and Binance suspended transactions to support the network’s integrity. Such actions ensure network stability during upgrades, affecting only the REI asset. As stated in a quote from Upbit,
“Deposits and withdrawals of REI tokens have now been suspended due to an interruption in block generation on the REI Network. This is due to the network upgrade. Operations with REI have also been suspended [on] Binance, Huobi (HTX) and BigONE. This decision was made to support the hard fork and ensure network stability during the upgrade… Deposits and withdrawals will be restored after the upgrade is completed and the network is stabilized.” — Upbit Official Announcement
REI Token Isolated as Other Cryptos Remain Stable
The primary impact remains isolated to REI tokens, with other cryptocurrencies like ETH and BTC unaffected. Market stability is maintained despite the suspension, reflecting a contained approach to network challenges.
Analysts observe the network stabilization aligns with past precedents. The network upgrade is managed cautiously, emphasizing a technical response to minimize disruption, noted by a brief REI price fluctuation.
Routine Suspension Protocol Mirrors Past Network Upgrades
Past instances of similar suspensions occurred during major network upgrades, including assets like ZKSync. Such strategies are common to secure transactional integrity temporarily.
Kanalcoin emphasizes routine protocol adherence, indicating minimal long-term effects. Current trends suggest a resilience in response strategies, maintaining user confidence and operational robustness.
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