Bithumb announced restrictions on deposits and withdrawals for overseas exchanges, Zedxion and Zedcex, reflecting its routine practice amid network upgrade activities as noted with previous tokens.
The measure safeguards user transactions from errors, following typical patterns devoid of market volatility, thus reinforcing operational stability while awaiting upgrade completions.
Bithumb clarifies no new restrictions for Zedxion, Zedcex, countering recent speculation.
Bithumb addressed rumors of deposit and withdrawal restrictions on Zedxion and Zedcex. The exchange has not issued any new restrictions. Previous announcements involved other tokens due to network upgrades or delistings. No official notices from Bithumb or associated entities confirm these alleged restrictions. David Shin, Bithumb’s CEO, recently commented on other token suspensions but did not mention Zedxion or Zedcex.
Community Awaits Confirmation on Market Impact
The cryptocurrency community is closely observing to verify any potential market impacts. Bithumb’s denial of rumors alleviates concerns of possible disruptions or liquidity issues specific to Zedxion and Zedcex. No immediate effects on financial, regulatory, or technological aspects are evident. Historical data shows Bithumb suspensions typically last 24-72 hours with minimal market disruption, suggesting any issues would be swiftly handled.
Data Suggests Bithumb’s History of Quick Resolutions
Past Bithumb actions, like suspensions for DYDX, have been similar due to network upgrades, usually resulting in stable trading conditions. “The suspension is to prevent transactions from being lost or sent to incompatible addresses,” said David Shin, CEO of Bithumb. Experts from Kanalcoin highlight that recurring Bithumb precedents indicate swift resolutions of technical issues. Data-driven assessments suggest the current situation fits within historical patterns, with no further escalation expected.
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