South Korean cryptocurrency exchange Bithumb has announced a temporary halt on ATOM deposits and withdrawals, effective November 10th at 9:00 AM UTC. This action is to enable essential network upgrades that will enhance performance and functionality. The suspension allows the Cosmos blockchain ecosystem to evolve securely and efficiently during this crucial period. Bithumb’s decision to suspend ATOM transactions stems from a commitment to maintaining top-tier security and ensuring a smooth upgrade process. This update provides valuable context for traders: All ATOM deposits and withdrawals will be unavailable during the maintenance window. However, spot trading of ATOM remains operational throughout the process. Existing ATOM balances in your wallet remain secure and unaffected. The suspension solely impacts moving ATOM to or from external wallets. Bithumb aims to resume operations quickly; however, an exact end time for the maintenance is pending. Traders are advised to check Bithumb’s official announcements for real-time updates on the resumption of ATOM deposits and withdrawals. Bithumb emphasizes that such temporary suspensions are standard practice in the cryptocurrency space, primarily aimed at protecting your assets and enhancing trading experiences. The upgrade promises improved scalability, enhanced security features, and better interoperability with other blockchain networks, ultimately benefiting all ATOM holders.