TRON (TRX) Deposits and Withdrawals Resume on Cryptocurrency Exchange OKEx, Delays on Binance Explained

TRON (TRX) transactions, including deposits and withdrawals, have resumed on cryptocurrency exchange OKEx.

Deposits and withdrawals were suspended pending the completion of TRON’s mainnet upgrade.

OKEx issued a statement to its users:

“The mainnet swap of TRON is complete and the deposit and withdrawal services have been resumed as normal. Thank you for your understanding. Note: OKEx will generate new TRX deposit addresses after the mainnet swap. Please use the new address instead of the old one to prevent any asset loss.”

During TRON’s mainnet upgrade, tokens were automatically swapped onto the new blockchain on June 20. Existing deposit addresses for TRX have been discarded and any deposits made to old TRX addresses are irretrievable, as stated in the OKEx notice on June 19.

The following exchanges and wallets have completed TRON’s mainnet upgrade and resumed TRX upgrades and withdrawals.

Bitforex www.bitforex.com

Cobo www.cobo.com

Coinfalcon coinfalcon.com

Gate.io www.gateio.io

OKEx www.okex.com

Upbit upbit.com

Binance has yet to resume TRX withdrawals. The exchange issued an explanation via Reddit.

“Binance have much stricter security requirements than other exchanges and rigerously conduct tests until deem the chains to be in stable and secure states.

Take into consideration that there are a couple of swaps being done in the same time, as projects decided to move to their own blockchains in the second half of June and at the end of June.

Speaking of TRON, Binance is responsible for ~19 billions TRX (1/5 of total supply) thus that’s why we have to be 100% sure that everything will go well.

Thank you for your patience and support.”

Binance is also currently undergoing system maintenance and has suspended trading, withdrawals and other account functions during the maintenance period.

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