Binance to Pause Deposits/Withdrawals for ARB, 1INCH, KITE, 0G and TURBO on Specific Networks
Binance will suspend deposits and withdrawals for five tokens on specific networks starting 08:00 UTC on 22 January 2025 (16:00 UTC+8). Affected token-network pairs are: ARB and 0G via Ethereum (ERC-20), 1INCH via BNB Smart Chain (BEP-20), KITE via Avalanche C-Chain, and TURBO via Solana. Spot trading on Binance for these tokens remains active — users can still buy, sell and convert assets within the exchange. Binance attributes the pauses to routine network reviews, maintenance or security reasons. Users should complete pending deposits/withdrawals through the listed networks before the cutoff or instead use alternative supported chains, convert holdings to stablecoins (e.g., USDT) on-platform, hold in their spot wallet, or withdraw via another exchange to avoid stuck or lost funds. Historically, such network-specific suspensions are often temporary and primarily technical; they typically cause short-lived volatility while on-exchange liquidity remains. Key takeaways for traders: act before the deadline to avoid asset loss, expect limited but immediate liquidity constraints for the affected network flows, and monitor Binance’s official channels for restoration updates.
Neutral
This network-specific suspension is primarily a technical/operational action rather than a delisting or regulatory ban, and Binance keeps spot trading active. Short-term impact: neutral-to-mildly negative for the directly affected tokens on the paused networks because deposits/withdrawals via those networks will be halted, increasing the risk of stuck funds and briefly reducing off-exchange flow — this can prompt minor volatility or temporary spread widening. Traders may see slightly reduced liquidity for on-chain flows and potentially cautious selling or conversions on-exchange ahead of the cutoff. Long-term impact: likely minimal if the pause is resolved quickly; on-exchange order books and alternative networks remain available, which generally restores normal trading behavior. The overall price effect depends on the suspension length and clarity from Binance — a short, well-communicated technical pause tends to be neutral, while a prolonged or unexplained suspension would tilt toward negative pressure.