BitcoinWorld Bithumb HBAR Suspension: Essential Network Upgrade Halts Hedera Transactions SEOUL, South Korea – February 24, 2025 – Bithumb, one of South Korea’s leading cryptocurrency exchanges, announced a significant operational pause today. The platform will temporarily suspend all Hedera (HBAR) deposits and withdrawals starting at 9:00 a.m. UTC on February 25. This Bithumb HBAR suspension directly supports Hedera’s scheduled network upgrade, marking a crucial maintenance period for the enterprise-grade blockchain. Consequently, traders must prepare for temporary transaction limitations. This development follows similar maintenance events across major exchanges throughout early 2025. Understanding the Bithumb HBAR Suspension Timeline The suspension begins precisely at 9:00 a.m. UTC on Tuesday, February 25. Bithumb confirmed the action through its official announcement channels. The exchange will halt both deposit and withdrawal services for the HBAR token. However, spot trading for HBAR pairs will continue normally during this period. This distinction is crucial for active traders. The suspension will remain in effect until the Hedera network upgrade completes successfully. Bithumb will then conduct its own system verification. The exchange typically requires one to two hours post-upgrade to resume full services. Therefore, users should monitor official communications for the exact restart time. Technical Rationale Behind the Maintenance Network upgrades require coordinated efforts across all supporting platforms. Exchanges like Bithumb must pause external transactions to prevent fund loss or errors. This occurs during the blockchain’s state transition. The Hedera Governing Council mandates these upgrades to implement protocol improvements. These enhancements often include security patches, performance optimizations, and new feature deployments. Bithumb’s proactive suspension ensures user asset safety. It also maintains network integrity during the critical update window. This standard industry practice demonstrates responsible exchange management. Hedera Network Upgrade: Features and Implications The Hedera network consistently evolves through scheduled upgrades. The February 2025 upgrade focuses on several key areas. First, it aims to enhance transaction throughput and finality speed. Second, it introduces improved smart contract execution capabilities. Third, the upgrade strengthens network security against emerging threats. These improvements benefit all HBAR holders and network participants. Major upgrades typically occur two to three times annually. The Hedera community votes on and approves these changes through its governance model. Consequently, exchanges must synchronize their systems with the new protocol version. Previous Hedera upgrades have delivered measurable benefits. For instance, the 2024 mainnet upgrade reduced average transaction costs by 15%. It also increased peak transactions per second significantly. The table below outlines recent Hedera upgrade impacts: Upgrade Date Primary Focus Network Impact Q3 2024 Consensus Algorithm Optimization +40% TPS, -15% Average Fee Q1 2024 Smart Contract Enhancements New Developer Tools, Reduced Gas Q4 2023 Security Hardening Multi-Sig Improvements, Audit Fixes Impact on Traders and Investors The temporary Bithumb HBAR suspension creates specific considerations for market participants. Users cannot move HBAR tokens to or from Bithumb wallets during the maintenance window. However, several important functions remain fully operational. Traders can still execute buy and sell orders on Bithumb’s HBAR trading pairs. They can also manage existing open orders and positions. Furthermore, users can deposit other cryptocurrencies unaffected by the Hedera upgrade. This partial functionality minimizes overall trading disruption. Savvy investors often anticipate such events. They adjust their transaction timing accordingly to avoid inconvenience. Historically, network upgrades cause minimal long-term price impact. Short-term volatility sometimes occurs around the maintenance period. Traders should consider these potential market movements. They should also verify transaction statuses before initiating transfers near the cutoff time. Bithumb recommends completing all HBAR deposits and withdrawals well before the 9:00 a.m. UTC deadline. The exchange typically processes queued transactions before suspending services. This ensures a smooth transition for all users. Comparative Analysis with Other Exchanges Bithumb’s announcement follows a broader industry pattern. Other major exchanges supporting HBAR will likely announce similar suspensions. In 2024, platforms like Binance, Coinbase, and Upbit executed coordinated pauses during Hedera upgrades. This synchronization prevents arbitrage opportunities and maintains network stability. Each exchange determines its specific suspension timeline independently. However, they generally align with the core network upgrade window. Bithumb’s communication provides ample advance notice compared to industry standards. This transparency helps users plan their cryptocurrency activities effectively. Security Protocols During Exchange Maintenance Bithumb implements enhanced security measures during maintenance periods. The exchange’s cold wallet storage for HBAR remains completely offline. This provides maximum protection for user assets. System administrators conduct thorough pre-upgrade and post-upgrade checks. They verify blockchain compatibility and transaction history integrity. Bithumb also increases monitoring for suspicious activity during these windows. The exchange’s security team remains on high alert throughout the process. These protocols follow Financial Services Commission (FSC) guidelines in South Korea. They represent industry best practices for exchange operations. Users should also maintain their security vigilance. They must verify all communications come from official Bithumb channels. Phishing attempts sometimes increase around announced maintenance events. Key security reminders include: Never share private keys or passwords Verify website URLs before logging in Enable two-factor authentication (2FA) Monitor official announcements for service restoration Broader Context: Cryptocurrency Exchange Maintenance in 2025 Scheduled maintenance remains a normal aspect of cryptocurrency exchange operations. In 2025, exchanges conduct hundreds of similar suspensions annually. These support various blockchain upgrades, wallet migrations, and security enhancements. The frequency reflects the rapid evolution of blockchain technology. Major exchanges now standardize their communication protocols for these events. They typically provide 24-48 hours advance notice. This allows users to adjust their trading and withdrawal strategies. The maturing infrastructure demonstrates the industry’s growing professionalism. It contrasts sharply with earlier years when maintenance often occurred with minimal warning. Regulatory frameworks now influence exchange maintenance procedures. South Korea’s specific regulations require exchanges to guarantee fund safety during upgrades. Bithumb’s compliance with these rules strengthens user trust. The exchange maintains full reserves during the suspension period. User balances remain accurately recorded and fully backed. This operational transparency supports the broader adoption of cryptocurrencies. It demonstrates that major platforms can manage technical transitions smoothly. Consequently, such events now cause less market anxiety than in previous years. Conclusion The Bithumb HBAR suspension represents a routine yet essential operational procedure. It facilitates the Hedera network’s continued technological advancement. Traders should note the February 25 start time and plan their transactions accordingly. This temporary pause underscores the dynamic nature of blockchain ecosystems. It also highlights Bithumb’s commitment to security and protocol compliance. The upgrade will ultimately enhance the Hedera network’s performance and capabilities. Therefore, this short-term inconvenience supports long-term network improvement. Users should monitor Bithumb’s official channels for the service restoration announcement. The exchange will resume normal HBAR deposit and withdrawal operations promptly after verifying network stability. FAQs Q1: Can I still trade HBAR on Bithumb during the suspension? A1: Yes, spot trading for HBAR will continue normally. Only deposits and withdrawals are temporarily suspended. Q2: How long will the HBAR suspension last? A2: The suspension begins at 9:00 a.m. UTC on February 25 and lasts until Bithumb completes post-upgrade verification, typically a few hours after the Hedera network upgrade finishes. Q3: Will my HBAR funds be safe during this maintenance? A3: Yes, Bithumb stores HBAR in secure cold wallets during maintenance. User balances remain fully backed and protected throughout the suspension period. Q4: Are other exchanges also suspending HBAR services? A4: Most exchanges supporting HBAR typically coordinate suspensions during network upgrades. Check each exchange’s official announcements for their specific timelines. Q5: What should I do if I have a pending HBAR transaction? A5: Complete all deposits and withdrawals well before the 9:00 a.m. UTC deadline. Transactions initiated after suspension begins will queue and process once services resume. This post Bithumb HBAR Suspension: Essential Network Upgrade Halts Hedera Transactions first appeared on BitcoinWorld .
