Bithumb to Halt XPLA Deposits and Withdrawals for Network Upgrade May 13

Published: 2026-05-11 03:46:07 |

South Korean exchange Bithumb announced a temporary suspension of XPLA deposits and withdrawals to support a network upgrade for the XPLA blockchain. The halt starts at 3:00 a.m. UTC on May 13. Bithumb did not confirm an exact restart time, and users are advised to complete any pending XPLA transactions before the cutoff to avoid delays. During the maintenance window, XPLA transfers into and out of Bithumb will be unavailable. The report notes that trading of XPLA may continue, depending on Bithumb’s internal policy, but only deposits and withdrawals are affected. Traders holding XPLA on the exchange should monitor Bithumb’s official announcements for the resumption timeline. From a market perspective, this is a routine exchange maintenance measure to protect user funds and ensure the upgraded network functions correctly. Short-term liquidity may tighten for XPLA as withdrawals are paused, but broader price impact is likely limited unless the upgrade runs longer than expected.

Neutral

The news is largely operational: Bithumb is pausing only XPLA deposits and withdrawals to conduct a network upgrade, with trading potentially unaffected. Similar exchange maintenance events in the past typically cause short-term order-flow and liquidity frictions (users can’t move XPLA in/out, so circulating supply on the venue can tighten), but they rarely trigger broad market repricing unless the maintenance drags on. In the short term, traders may face reduced ability to hedge positions or rebalance across venues, which can increase short-lived volatility in XPLA/Bithumb markets—especially around the start time (3:00 a.m. UTC, May 13) and any uncertainty about the end time. In the longer term, if the upgrade improves performance/security as intended, the event usually has limited lasting negative impact. Overall, expect neutral impact on the wider crypto market, with any effect concentrated in XPLA liquidity and exchange-level spreads during the suspension window.