Binance Pauses RUNE Deposits & Withdrawals for Upgrade
Binance will temporarily suspend RUNE deposits and withdrawals from 4:00 p.m. UTC on August 28 to support a crucial RUNE network upgrade. Spot trading of RUNE remains available. The pause in RUNE deposits and withdrawals prevents transaction errors during the upcoming hard fork. Binance assures users that RUNE assets on the exchange are secure throughout the upgrade. Traders should complete any RUNE deposits or withdrawals before the cutoff. For resumption times, monitor Binance’s official announcements. This precaution ensures system compatibility and network security. The RUNE network upgrade on the THORChain protocol aims to enhance performance, bolster security, and introduce new features.
Neutral
The suspension of RUNE deposits and withdrawals is a standard precaution for network maintenance. Past events—such as exchange pauses during Ethereum and Bitcoin hard forks—typically caused only brief, low-volatility periods. Because trading remains active, liquidity for RUNE is unaffected. In the short term, traders may see minimal price swings around the pause window, but overall market sentiment stays stable. Long term, the improved performance and security from the RUNE network upgrade could strengthen confidence in THORChain, supporting future growth. Therefore, the net impact on the market is neutral, reflecting routine operational procedures rather than fundamental shifts in RUNE’s value proposition.