Upbit, a leading South Korean cryptocurrency exchange, announced a suspension of Berachain (BERA) deposits and withdrawals starting June 4, 2025, as the network prepares for a hard fork upgrade.
The suspension underscores network stability and asset protection during the upgrade, aligning with standard industry procedures, while trading activities remain unaffected.
Upbit Halts BERA Activities for Network Hard Fork
Upbit’s suspension of services for Berachain (BERA) follows the announcement of a network hard fork. This decision precedes a major protocol upgrade planned by Berachain.
Industry leaders such as Upbit and Bybit emphasize the need for security during major network upgrades. The measure is standard to minimize risk and protect user assets, ensuring network integrity.
Berachain Trading Unaffected Amidst Deposit Suspension
Market reactions suggest calmness as the move is anticipated. Upbit assures customers that trading will continue unaffected, focusing on user asset protection and transaction security during updates. According to an Upbit official statement, “Such actions aim to prevent potential asset risks. Industry players note the suspension ensures asset protection during the transition.”
Historical data indicates that stringent measures like suspension enhance network protection. Anticipations highlight that post-upgrade, Berachain may experience an increase in liquidity and possible market upticks.
Experts Anticipate Post-Upgrade Network Resilience
The industry precedent for temporary suspension during upgrades ensures smooth transition with minimal disruption. Similar actions have historically proven effective, enhancing future network resilience.
Experts from Kanalcoin suggest the procedure aligns with best practices, enhancing Berachain’s potential for growth. Past trends and data reinforce the effectiveness of such strategic measures, with enhanced market security and trader confidence.
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |
