The world’s largest cryptocurrency exchange by users and trading volume will perform wallet maintenance today, May 21.
The scheduled procedure will temporarily pause certain functions, but it is expected to be completed quickly.
Prepare for Disruption
The upgrade is set for May 21. To carry out the work, Binance will temporarily suspend deposits and withdrawals on the Ethereum network. The maintenance is expected to last about an hour, after which normal operations should resume.
“Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted,” the announcement reads.
The exchange has confirmed that token trading will remain fully operational during the maintenance and that Binance will manage all technical steps on behalf of users.
Such upgrades are routine and rarely have serious consequences for customers. Last month, the company carried out a similar wallet maintenance: deposits and withdrawals on the Ethereum network were unavailable for roughly 60 minutes, with no major incidents reported.
In recent years, Binance has carried out comparable operations to support enhancements across various ecosystems, including Cardano and BNB Chain. In the summer of 2025, for example, it completed a live upgrade to its wallet infrastructure and briefly paused deposits and withdrawals across all networks for about 15 minutes.
Other Recent Binance Updates
Aside from the upcoming wallet maintenance, Binance has been active with listings and delistings to reflect market trends and remove tokens that no longer meet its standards.
Just days ago, the exchange introduced a BTC/USD1 perpetual contract offering up to 100x leverage and a CBRS/USDT perpetual contract with up to 10x leverage.
At the same time, Binance delisted several tokens — Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS) — citing insufficient trading volume and liquidity, lack of team commitment, network safety concerns, and other criteria. The delistings immediately triggered significant price declines for the affected coins.
Additionally, Binance launched seven official WhatsApp channels aimed at users in India, Ukraine, Kazakhstan, Mexico, Peru, Colombia, and Russian-speaking clients. These channels are designed for one-way communication to keep users in those regions informed of platform updates and announcements.