Binance Suspends GLMR Deposits and Withdrawals for Moonbeam Network Upgrade

Binance has announced that it will suspend deposits and withdrawals of the GLMR token from its platform due to a planned Moonbeam network upgrade. The suspension is intended to prevent transaction failures or fund loss during the update process.

The upgrade, which will start on March 27, 2025, at 12:00 p.m. UTC, is a standard procedure for blockchain ecosystems and requires coordinated pauses to ensure security and data integrity across all supporting platforms.

Trading of GLMR against other assets will continue uninterrupted during the suspension period, but users should complete any urgent GLMR transfers before the cutoff time to avoid delays.