Binance has announced a suspension of deposit and withdrawal services for certain altcoins over specific networks. This decision, shared by the exchange, aims to enhance asset security for users and mitigate risks associated with technical incompatibilities. The suspension will be limited to certain altcoin networks and will not affect all transactions of the concerned altcoins on Binance.
Which Altcoin Networks Will Be Discontinued?
The announcement from Binance states that by January 16, 2026, 11:00 AM (TSI), support for deposits and withdrawals over certain networks for two altcoins will be discontinued. Specifically, the Dar Open Network (D) altcoin will no longer support transfers over the Ethereum network, and the Streamr (DATA) altcoin will cease to support transfers over the BNB Chain and Polygon networks. Post this date and time, any assets sent via these networks may not be credited, leading to potential permanent losses.
The exchange clarified that these restrictions apply only to transfers made over specific Blockchain networks and not to the altcoins themselves. Users can continue depositing and withdrawing these altcoins through other networks supported by Binance. This ensures that there is no interruption in trading, wallet transfers, or internal exchange transactions.
Binance management emphasized that users should verify their active networks before the changes take effect. It was highlighted that any transfers made with the wrong network configuration could be irrevocable, leading to technically unrecoverable outcomes.
Potential Impact and Warnings for Users
The decision will significantly impact investors who actively use multiple network support. Users transferring Dar Open Network and Streamr coins via Ethereum, BNB Chain, or Polygon will need to switch to alternative network options. Binance reminded users that information on which networks continue to be supported is updated regularly in the wallet interface and official announcement channels.
Such network-based adjustments by Binance typically align with operational reasons like technical maintenance, liquidity management, or ecosystem compatibility. Ensuring the correct network selection before making transfers stands out as the most crucial step to minimize the risk of asset loss.
