Binance is pausing THORChain-based deposits and withdrawals on December 5 to support a key blockchain upgrade, while trading remains unaffected.
Quick Summary – TLDR:
- Binance will suspend RUNE and other THORChain token transfers on December 5 at 20:00 UTC.
- The move supports THORChain’s network upgrade at block 23,969,500.
- Trading of all THORChain assets remains active during the pause.
- Transfers will resume once the upgraded network is stable, with no further announcements expected.
What Happened?
Binance has temporarily suspended deposits and withdrawals for all THORChain-related tokens as the blockchain undergoes a critical network upgrade. This planned pause began at 20:00 UTC on December 5, 2025, right before THORChain reached block 23,969,500, the point at which the upgrade activates.
The exchange confirmed that trading services for all THORChain assets, including RUNE, remain fully available during the update window.
PROTOCOL UPGRADE – V.3.14.0 ⚡️
— THORChain (@THORChain) December 3, 2025
V3.14.0 is tight, technical, and powerful. Seven PRs that cut delays, clean vaults, fix the quirks, and make THORChain smoother than ever.
Let’s break it down 👇 pic.twitter.com/BxzeXjwZUb
Binance Coordinates With THORChain for Seamless Upgrade
The upgrade is part of THORChain’s ongoing efforts to improve performance and cross-chain functionality. To support this, Binance paused all token transfers involving the network, including RUNE and other THORChain-based assets.
- Deposit and withdrawal services were halted at 20:00 UTC.
- This follows THORChain’s block height reaching 23,969,500.
- Binance is handling all technical aspects internally.
- No user action is needed during the pause.
Binance noted the decision was made as a precautionary measure to protect user funds and ensure proper synchronization between the exchange and the new version of the THORChain protocol. The platform emphasized that users do not need to take any action and that their assets remain safe.
Trading Continues Without Disruption
Although on-chain transfers are temporarily disabled, trading pairs tied to THORChain assets remain open and fully functional. This ensures liquidity and market stability throughout the upgrade period.
- Users can still buy and sell RUNE and other THORChain tokens.
- Order books, market execution, and liquidity remain unaffected.
The internal coordination between Binance and THORChain developers helps align technical systems during the upgrade, reducing the chance of network inconsistencies or user-facing disruptions.
Transfer Services Will Resume After Network Stability Checks
Once the THORChain network upgrade is fully complete and proven stable, Binance will automatically reopen deposits and withdrawals. The exchange does not plan to issue a second announcement unless unexpected issues arise.
These types of blockchain upgrades are routine in the crypto world, typically involving protocol improvements, enhanced security, and better performance. This particular update includes enhancements to cross-chain liquidity handling and node-level optimizations, which are key for THORChain’s role in powering decentralized exchanges.
SQ Magazine’s Takeaway
I like how Binance is handling this. They’re not just flipping a switch but actually syncing up with THORChain behind the scenes to make sure everything goes smoothly. It shows the kind of professionalism users expect when their funds are on the line. Pausing transfers during a blockchain upgrade might sound like a hassle, but it’s a smart safety move. Plus, trading stays open, so investors don’t miss out on opportunities. THORChain’s upgrades often mean better speed and functionality, which is a win for anyone who uses decentralized finance platforms. This just feels like a necessary step for a stronger future.
