Upbit Pauses HIVE & HBD Deposits, Withdrawals for Hard Fork
South Korean exchange Upbit will temporarily suspend HIVE and HBD deposits and withdrawals starting 11:00 UTC on November 19 to support an upcoming hard fork. During the Upbit hard fork, trading of both tokens remains available on the platform’s internal order books, while deposits and withdrawals are halted as a standard security measure. Upbit’s decision to pause services during the network upgrade aims to prevent transaction conflicts, chain splits, and network instability. No action is required from users holding HIVE or HBD on Upbit, and funds will remain secure. The exchange will monitor network stability and resume deposits and withdrawals once the hard fork completes successfully and the updated blockchain is fully operational.
Neutral
The temporary suspension of HIVE and HBD deposits and withdrawals for the Upbit hard fork follows common industry practices to protect user funds during network upgrades. Trading remains uninterrupted, and no adverse events are expected, making the overall market impact neutral. Similar pauses during past forks on major exchanges have had minimal lasting effect on token prices, as investors view them as necessary maintenance rather than negative signals.