Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
NEAR Upbit will suspend NEAR deposits and withdrawals on July 19 for network upgrades.
South Korean cryptocurrency exchange Upbit announced that it will temporarily suspend NEAR Protocol (NEAR) deposit and withdrawal services starting from 2:00 pm UTC on July 19. The suspension is to support upcoming network upgrades-a routine but critical operation designed to maintain the security and functionality of blockchain.
Suspension Time and Scope
According to Upbit\'s official announcement, the suspension will begin at 2:00 pm UTC on July 19. During this period, users will not be able to deposit or withdraw NEAR tokens through the exchange. NEAR transactions on the Upbit spot market are not expected to be affected, but the exchange advises users to follow its subsequent announcements to understand any changes. The length of the pause depends on the progress of the network upgrade. Upbit has not yet clarified the specific time for resuming service, and will usually resume as soon as possible after the upgrade is confirmed to be stable.
What network upgrades mean for NEAR holders
Network upgrades are critical to improving protocol performance, security and scalability. This upgrade to NEAR Protocol may involve optimization of sharding architecture or smart contract functions. During changes to the blockchain network, exchanges such as Upbit must suspend deposits and withdrawals to prevent transaction processing errors or asset losses. For traders and investors, the suspension means that NEAR tokens cannot be transferred into or out of Upbit during the window period. Users who hold NEAR on the exchange can still trade, but need to plan external transfers in advance.
What should users do
Upbit recommends that users complete all pending NEAR deposits and withdrawals before the suspension begins. After the upgrade is completed, the exchange will issue a notice to restore the service. Users are advised to check the official announcement of Upbit and the upgrade schedule of NEAR Protocol to obtain accurate time information.
Summary
Upbit\'s temporary suspension of NEAR deposits and withdrawals is a standard operating measure to support network upgrades. Although it may cause short-term inconvenience to some users, this is a necessary step to maintain the integrity and development of the NEAR Protocol blockchain. Users are advised to maintain attention through official channels and plan transactions reasonably.
FAQs
Q1: When will Upbit resume NEAR deposits and withdrawals?
A1: Upbit has not announced the specific recovery time. Services are usually restored as soon as possible after network upgrades are completed and verified. Users should pay attention to Upbit\'s official announcement.
Q2: Can I still trade NEAR on Upbit during the suspension?
A2: Yes. NEAR transactions on the Upbit spot market are not expected to be affected during the suspension period, with only deposit and withdrawal services suspended.
Q3: Why does the exchange suspend deposits and withdrawals during network upgrades?
A3: The suspension is to prevent transaction errors or asset losses during blockchain changes and to ensure that all transactions are processed correctly after the upgrade is completed.
