Sun Sep 28 12:40:00 UTC 2025: ## Binance Halts Kusama and Polkadot Deposits, Withdrawals for Network Upgrades

**Major cryptocurrency exchange Binance has temporarily suspended deposits and withdrawals for Kusama (KSM) and Polkadot (DOT), effective October 7th for KSM and November 4th for DOT. The move is aimed at facilitating essential network upgrades on the respective blockchains.**

While deposits and withdrawals are paused, Binance has assured users that trading of KSM and DOT will continue uninterrupted. The exchange characterized the suspension as a strategic measure to safeguard user assets during the significant blockchain enhancements.

“This is a standard procedure to ensure the integrity of the platform and the safety of user investments during necessary network migrations,” stated a Binance spokesperson.

Blockchain technology requires regular maintenance and upgrades to optimize performance and security. These upgrades can also expose potential vulnerabilities if not managed effectively. Binance emphasized its commitment to rigorous testing during the upgrade process.

**Navigating the Suspension:**

Users holding KSM and DOT are advised to plan strategically during this period. Experts recommend:

* **Staying informed:** Monitoring Binance announcements and official communication channels for updates on the upgrade progress and resumption of services.
* **Continuing to trade:** Leverage the uninterrupted trading feature to manage positions without the ability to deposit or withdraw.
* **Considering diversification:** While not directly related to this suspension, experts suggest diversifying crypto holdings as a general risk management strategy.

The timeline for the resumption of deposits and withdrawals remains uncertain, as it depends on the complexity of the upgrades and the thoroughness of testing conducted by Binance. The exchange promised to provide timely updates as the process unfolds.

This temporary suspension highlights the dynamic nature of the cryptocurrency space and the importance of proactive asset management. Experts emphasize that understanding the reasons behind such pauses and strategically positioning assets are crucial for navigating these transitions successfully. The pause serves as a reminder of the need for robust treasury management, diversifying assets, and adhering to regulatory standards within the Web3 space.

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