#PectraUpgrade

Top crypto exchanges Binance and Coinbase will temporarily pause Ethereum (ETH) deposits and withdrawals in preparation for the network’s upcoming pectra upgrade.

Binance stated that ETH and tokens on Layer 2 networks like Arbitrum, Optimism, Base, Scroll, Worldcoin, and zkSync will be affected. The exchange pause starts at 09:45 (UTC).

The exchange furthered that while trading will continue without interruption, users won’t be able to move funds in or out during the upgrade window. This action helps prevent potential issues from forks or network reorganization.

Considering this, the exchange urged users planning to bridge or withdraw assets to act before the pause begins.

Coinbase echoed the same approach, confirming that ETH transfers will be suspended as a precaution during the upgrade process.