Binance has announced a temporary halt of Ontology (ONT) deposits and withdrawals to support a network upgrade. The suspension begins December 1st at 7:00 a.m. UTC, with the aim to enhance security, functionality, and overall performance. Binance explains that this is a standard practice to ensure smooth operations during major blockchain developments. While ONT spot trading remains unaffected, users cannot transfer ONT during the period. Details regarding the suspension duration and resumption are yet to be announced, but Binance will provide updates via official channels. This suspension ensures the security of your assets during the crucial upgrade. The network upgrade introduces enhanced security protocols, improved transaction speeds, new features, and overall user experience, ultimately enhancing ONT’s value. Traders can use this downtime to research market trends and review their investment strategies.