Binance temporarily suspended deposits and withdrawals of tokens on the #THORChain network to perform an important upgrade and hard fork. Trading remains unaffected, ensuring seamless user experience. Stay tuned for deposit/withdrawal reopening announcements once the upgrade is complete.

Binance, one of the world’s leading crypto exchanges, has temporarily suspended deposits and withdrawals for all tokens on the THORChain (RUNE) network. This temporary pause comes as THORChain undergoes a pivotal network upgrade and hard fork aimed at enhancing its utility and security.

  • Start Date: July 19, 2025

  • Affected Services: Deposits and withdrawals of THORChain-based tokens

  • Unaffected Service: All trading activities involving RUNE and other THORChain assets remain fully operational

Why Is This Upgrade Important?

Network upgrades and hard forks are essential for blockchain protocols to address vulnerabilities, introduce performance enhancements, and stay competitive. THORChain’s upgrade is expected to bring:

  • Improved transaction efficiency

  • Enhanced cross-chain interoperability

  • Upgraded on-chain security measures

Such improvements solidify THORChain’s role as a decentralized liquidity protocol, enabling seamless swaps across major chains.

What Should Binance Users Do?

During the Upgrade

  • Deposits/Withdrawals: Do not attempt to deposit or withdraw THORChain-based tokens until official reopening.

  • Trading: You can continue to buy, sell, and trade RUNE and other supported pairs as normal. No trading interruption is expected.

  • Funds Safety: All user funds remain secure throughout the process.

After the Upgrade

  • Binance will evaluate network stability before re-enabling deposits and withdrawals.

  • Watch for official announcements on Binance Square and the Binance support pages regarding the precise reopening schedule.

Staying Informed

To ensure users stay up to date, Binance will:

  • Post real-time updates regarding the upgrade status

  • Announce immediately when deposit and withdrawal services are restored

For latest updates, monitor the Binance announcements section and official social media channels.