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Binance Schedules FIL Deposit Halt, Expands Spot Market with New Trading Pairs

14 April 2025
in Crypto, News
Reading Time: 3 mins read
104 4
Home News Crypto

Binance will temporarily suspend deposits and withdrawals for Filecoin (FIL) on April 14 at 22:00 UTC. This suspension is necessary to support a network upgrade expected to occur at block height 4,878,840, anticipated to be reached around 23:00 UTC the same day.

Although network transactions will be paused, trading FIL tokens on the platform will remain unaffected. The exchange assured users that all technical processes tied to the upgrade would be managed internally. Services will resume once the upgrade is complete and the network is stable. It was noted that it would not issue any follow-up announcements. Users are advised to consult the original English notice for the most accurate details, especially in regions where translations may vary.

In a separate update, Binance has announced the listing of three new spot trading pairs—BABY/EUR, ONDO/TRY, and PAXG/USDC—set to go live on April 15 at 08:00 UTC. Trading Bots services will be activated for all three pairs via Spot Algo Orders to complement the listings. Additionally, Spot Grid and DCA bots will be enabled for the ZK/USDC pair.

To encourage trading activity, It also offers discounted taker fees on all USDC spot and margin pairs, a promotion that remains in effect until further notice.

However, access to these new trading options will be restricted in several jurisdictions, including the United States, Canada, Iran, North Korea, and Crimea. Only verified accounts will be able to trade the newly listed pairs.

Binance encourages users to review the original English announcement to stay informed of region-specific limitations or changes.

Meanwhile, Binance launched KernelDAO (KERNEL), a restaking protocol behind Kernel, Kelp, and Gain, as the fourth project on its Megadrop platform. The initiative offered users new ways to engage in DeFi through staking and rewards. The KERNEL Megadrop began on April 9, 2025, at 00:00 UTC, allowing eligible participants to earn token incentives.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

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