Upbit go stop NEAR deposits and withdrawals because dem dey upgrade the network
Upbit don announce say dem go stop NEAR deposit and withdrawal small time to support NEAR Protocol network upgrade. The stoppage go start for 03:00 UTC on April 13, 2025.
Inside the suspension time, users no fit send NEAR go into or comot NEAR from Upbit external wallets. But NEAR spot trading pairs (like NEAR/KRW and other quote pairs) go still dey, so traders fit rearrange positions without withdrawing tokens.
Upbit never give exact end time. From similar maintenance events, the disruption fit last only few hours. Traders suppose finish urgent NEAR transfers before the deadline and dey watch Upbit official announcement for the resume notice.
The reason na technical and precautionary: validators need update their node software for the protocol change, and exchanges dey pause external deposits/withdrawals to avoid incompatible chain-state issues. For price action, the main short-term operational risk na delayed NEAR inbound deposits if users send during or near the maintenance window; liquidity inside Upbit suppose remain supported because trading dey open.
Neutral
Dis na wan na standard maintenance notice, e no be NEAR-specific policy or fundamentals event. Di pause for deposits/withdrawals dey mainly affect ability to move NEAR off and on exchange during di upgrade window. Since NEAR spot trading still open, traders for still fit manage exposure and liquidity inside Upbit.
For short term, NEAR volatility for Upbit fit dey limited to order-book dynamics as some participants dey wait for deposit availability. Di bigger practical impact na execution timing: NEAR inbound transfers wey dem do near di cutoff fit delay until services resume. For long term, no direct signal of risk to NEAR price from dis announcement, assuming di upgrade complete normally and withdrawals resume as expected.