Upbit to Suspend AVAX Trading – Key Information for Traders

South Korea’s leading cryptocurrency exchange, Upbit, has announced a temporary suspension of all Avalanche (AVAX) trading and deposits/withdrawals beginning at 9:00 am UTC on July 19th. This action is to support the scheduled network upgrade for the Avalanche blockchain. 📈 The update will enhance security features, speed transaction processing, and improve overall system performance. ⚙️ While this suspension affects users’ ability to deposit or withdraw AVAX, it does not disrupt trading activity. 🤝