Binance co-founder Yi He says deposits are operating normally, while withdrawals should resume within the next 48 hours after upgrades to the withdrawal service.
Why it matters
The update separates deposit access from withdrawals: users can still deposit, but the withdrawal service remains affected during the upgrade. The stated 48-hour window gives users a timeline to watch.
Market impact
The statement does not specify the cause or scope of the withdrawal disruption. The key operational signal is whether withdrawals resume within the indicated window.
Frequently asked questions
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Are Binance deposits operating during the withdrawal service upgrade?
Yes. Yi He said deposits are operating normally while the withdrawal service undergoes upgrades.
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When does Binance expect withdrawals to resume?
Yi He said withdrawals should resume within the next 48 hours after the service upgrades.
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What is being upgraded at Binance?
The withdrawal service is being upgraded. The statement does not provide further technical details.
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Does Yi He's statement explain why withdrawals are affected?
No. The statement links the expected resumption to upgrades but does not specify the cause or scope of the disruption.
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What is the key operational point for Binance users to monitor?
The key point is whether withdrawals resume within the stated 48-hour window; deposits were reported to be operating normally.
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