Binance Temporarily Suspends eCash Deposits for Network Upgrade – Coincu

Binance announced it will suspend eCash (XEC) deposits and withdrawals on May 15, 2025, for a scheduled network upgrade.

The temporary suspension aims to support eCash’s planned XEC network upgrade, ensuring user safety and blockchain integrity.

Binance’s Strategic Move for eCash Upgrade

1: Binance confirmed the temporary suspension of eCash (XEC) services to facilitate a network upgrade. This upgrade is critical, taking place at block height 1,747,310,400, approximately UTC 12:00 on May 15, 2025.

2: During the upgrade, eCash (XEC) trading will continue. Deposits and withdrawals will automatically resume once the network is stable. Binance assured that user funds remained secure throughout the process.

3: Industry insiders express optimism regarding eCash’s enhanced capabilities post-upgrade. “Binance has announced it will temporarily suspend eCash (XEC) deposits and withdrawals to support a network upgrade and hard fork.” – ChainCatcher Binance’s proactive approach ensures the upgrade’s smooth execution, maintaining user confidence and network reliability.

eCash Market Reaction and Long-Term Outlook

Did you know? Binance frequently supports blockchain network upgrades via temporary suspensions, fostering network enhancements without disrupting ongoing trades.

1: According to CoinMarketCap, eCash (XEC) trades at $0.00 with a market cap of approximately $440.74 million. Over the past 30 days, XEC saw a price increase of 23.60%, unveiling a dynamic market shift.

2: Coincu research analysts predict that the successful eCash upgrade could lead to broader acceptance and application, potentially elevating its technological status within the blockchain ecosystem.