According to the announcement from Binance, starting at approximately 2026-05-20 12:00 (UTC), the platform will temporarily suspend deposits and withdrawals of tokens on the Moonbeam (GLMR) network. This suspension is to facilitate a network upgrade aimed at enhancing user experience. The upgrade is scheduled to occur at block height 15,689,298, which is expected to be reached around 2026-05-20 13:00 (UTC).

The trading of tokens on the Moonbeam network will remain unaffected during this period. Binance assures users that it will manage all technical requirements related to the upgrade. Once the network is deemed stable post-upgrade, deposits and withdrawals will be reopened. However, no further announcements will be made regarding the reopening. This measure is part of Binance's ongoing efforts to ensure optimal service and security for its users.