Bithumb MERL Suspension: A Guide for Traders

South Korea’s leading exchange, Bithumb, has announced a temporary suspension of its Merlin Chain (MERL) transactions beginning November 7th. This scheduled network upgrade aims to enhance the trading experience by improving security, transaction speed, and scalability. However, traders should understand what this means for them. The MERL suspension will commence at 12:35 p.m. UTC on November 7th. During this period, deposits and withdrawals of MERL tokens are suspended. However, your existing MERL holdings remain secure within your Bithumb wallet.