Bithumb pauses DYDX deposits/withdrawals for dYdX network upgrade

Published: 2026-01-27 08:54:29 |

South Korean exchange Bithumb will suspend DYDX (dYdX) deposits and withdrawals starting 08:00 UTC on January 30 to support a planned dYdX network upgrade. The pause is limited to on-chain deposit/withdrawal functions; spot trading and internal (off-chain) transfers may remain available depending on Bithumb’s implementation. The suspension is a precaution to prevent failed or lost on-chain transactions during the protocol transition and follows standard industry practice. Bithumb has announced the maintenance via its website and app but did not specify a restart time — services will resume after the upgrade is verified stable and internal testing is completed. Traders should avoid sending DYDX to or from external wallets during the window and complete needed withdrawals before 08:00 UTC on January 30. Expect potential short-term liquidity tightening and minor price volatility on venues affected by the pause; historically, such planned maintenance rarely produces sustained price moves for the token. Primary keywords: Bithumb, DYDX, dYdX network upgrade; secondary keywords: deposits withdrawals suspension, exchange maintenance, on-chain upgrade, trading impact.

Neutral

The suspension affects only DYDX deposits and withdrawals, not trading on Bithumb’s internal order book, so direct selling/buying access on that venue remains possible. Short-term effects: liquidity outflows and inbound deposit pauses can tighten available supply on affected venues, which may cause temporary intraday volatility or spread widening. Traders executing large on-chain moves will be impacted until withdrawals resume. Long-term effects: a planned, precautionary upgrade typically does not change fundamentals; once the upgrade is confirmed stable, normal liquidity returns and price impact is minimal. Given historical precedent for brief maintenance windows and limited scope (deposits/withdrawals only), the most likely net price impact on DYDX is neutral — possible short-lived volatility but no sustained bullish or bearish trend directly caused by this event.