In the cryptocurrency world, staying updated on exchange operations is crucial. Coinone, a prominent South Korean exchange, announced a temporary suspension of KRW services.
Details of the KRW Suspension
Coinone has notified users about a scheduled suspension of all Korean Won (KRW) deposit and withdrawal services. This is a temporary measure happening on September 13 from 4:00 p.m. to 11:00 p.m. UTC due to system maintenance by KakaoBank, Coinone's banking partner.
Reasons for the Temporary Suspension
Such suspensions are often necessary for ensuring the safety and health of financial systems. KakaoBank, as a major financial institution, regularly conducts system maintenance to optimize performance, enhance security, and implement necessary upgrades. This is an important part in maintaining the stability of the services offered by Coinone.
What This Means for Coinone Users
During the suspension, Coinone users will be unable to make KRW deposits or withdrawals. It is important to note, however, that cryptocurrency trading will continue, and users will be able to buy, sell, and exchange digital assets using their existing crypto balances. Users are advised to plan their transactions in advance to avoid inconvenience.
The temporary KRW suspension on Coinone on September 13 is a necessary measure for system maintenance. Users are advised to plan their operations ahead of time and follow Coinone's official announcements for up-to-date information.
