Bithumb Temporarily Suspends Celo Token Deposits and Withdrawals

Bithumb has announced that it will temporarily suspend deposits and withdrawals of the Celo (CELO) token from March 31st, 2025 at 7:00 UTC. The suspension is due to an essential network upgrade, which aims to improve the protocol's security, scalability, and user experience.

The exchange has taken this measure to ensure that users' funds remain secure during the transition. Trading of CELO will continue uninterrupted on Bithumb, allowing users to buy or sell the token against other cryptocurrencies like Bitcoin (BTC) and Korean Won (KRW).

This is a standard industry practice for exchanges like Bithumb to maintain user asset security. The network upgrade is expected to positively impact the Celo ecosystem's technical capabilities, making it more robust and secure for users.