- Binance supports Optimism and Metal DAO upgrades, suspending token services temporarily.
- Service suspension begins December 2, 2025, 23:00 (UTC+8).
- Potential short-term trading volatility and liquidity changes.
Binance will temporarily suspend deposits and withdrawals for Optimism (OP) and Metal DAO (MTL) in preparation for their network upgrades and hard forks on December 3, 2025.
These upgrades, aimed at enhancing network performance, could influence token liquidity and short-term market volatility.
Binance to Suspend OP and MTL Services for Upgrade
Binance will suspend deposits and withdrawals of OP and MTL tokens on December 2, 2025, to support network upgrades scheduled for a few hours later. Changpeng Zhao, Binance CEO, reinforces user safety, emphasizing a smooth upgrade process with communication through official channels.
Trading volatility is expected due to service suspensions, which could impact liquidity. Users may experience brief inconvenience if holding these tokens. Industry experts predict possible fluctuations in market behavior, echoing past upgrade outcomes.
Binance’s action resonates within the crypto community, spurring mixed reactions. Some users appreciate the preemptive measures, while others express concerns over short-term liquidity. Nonetheless, Binance’s readiness to resume services speaks to its strategic planning.
Market Dynamics Post-Upgrade and Expert Projections
Did you know? Network upgrades on Ethereum’s Layer 2 scaling solutions like Optimism often lead to temporary exchange withdrawal halts, ensuring asset security and system enhancement post-upgrade.
According to CoinMarketCap, Optimism (OP) is trading at $0.34 with a market cap of $635.38 million. Recent price data shows 24-hour growth of 2.90%, despite a 51.80% decrease over 90 days. The circulating supply is 1.90 billion OP, within a maximum supply of 4.29 billion.
Optimism(OP), daily chart, screenshot on CoinMarketCap at 22:49 UTC on November 27, 2025. Source: CoinMarketCapThe Coincu research team suggests noteworthy financial outcomes could arise post-upgrade. Technological enhancements typically bolster network efficiency. Experts stress that fundamentals remain robust despite interim market fluctuations.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/news/binance-supports-network-upgrades/
