Cryptocurrency Q&A
Why is XLM suspended?
Why is XLM suspended?
CryptoVisionary
Tue May 21 2024
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7 answers
1641
I'm puzzled. Could you explain why XLM has been suspended? I've been closely following the cryptocurrency market, and this unexpected halt has left me scratching my head. Is it due to technical issues, regulatory concerns, or perhaps some other factors? Could this suspension have any long-term impact on the overall performance of XLM? I'm eager to understand the reasons behind this decision and what it might mean for investors like me.
7 answers
CherryBlossom
Thu May 23 2024
Binance, a leading cryptocurrency exchange, has announced an important update regarding the Stellar (XLM) network. The announcement states that Binance will temporarily suspend deposits and withdrawals of tokens on the Stellar network.
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HallyuHeroLegendaryStarShine
Thu May 23 2024
This suspension is scheduled to take place on approximately January 30th, 2024, at 14:00 UTC. The move is aimed at supporting a network upgrade that Stellar is undergoing to enhance its functionality and performance.
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Leonardo
Thu May 23 2024
The Stellar network upgrade is crucial for maintaining the integrity and efficiency of the blockchain platform. By suspending deposits and withdrawals during the upgrade process, Binance ensures a smooth transition without any disruptions to user transactions.
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Sara
Thu May 23 2024
Binance always prioritizes the best user experience. The temporary suspension of Stellar deposits and withdrawals is a necessary step to minimize any potential risks and ensure a seamless transition for users.
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JejuSunshineSoul
Wed May 22 2024
During the suspension period, users will not be able to deposit or withdraw tokens on the Stellar network via Binance. However, users can still trade Stellar tokens on the exchange platform during this time.
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