Bithumb Temporarily Suspends ATOM Deposits and Withdrawals for Cosmos Mainnet Upgrade

Bithumb, a leading South Korean cryptocurrency exchange, has implemented a temporary suspension of ATOM deposits and withdrawals in support of the upcoming Cosmos mainnet upgrade. This strategic decision is aimed at ensuring secure and seamless integration of new protocol enhancements within the network.

The suspension will begin at 9:00 a.m. UTC on April 15th and will continue until network stability is confirmed. During this time, trading of ATOM against other cryptocurrencies will remain operational, allowing market participants to maintain their trading positions while the technical upgrade proceeds.

Exchanges globally implement similar protocols during blockchain upgrades to prevent transaction failures or fund loss due to network instability. Bithumb's announcement follows established industry best practices for handling mainnet migrations and demonstrates its commitment to asset security and operational reliability.