TRON (TRX) Deposits and Withdrawals Resume on OKEx While Binance Faces Delays

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Cryptocurrency exchange OKEx has successfully resumed TRON (TRX) deposit and withdrawal services following the completion of TRON’s mainnet upgrade. This development marks a significant milestone for TRX holders, ensuring seamless transactions on one of the industry’s leading trading platforms.

Key Updates on TRON’s Mainnet Transition

  1. OKEx Resumes Services:

    • OKEx confirmed the completion of TRON’s mainnet swap, enabling normal operations for TRX deposits and withdrawals.
    • Users must generate new TRX deposit addresses; old addresses are no longer valid, and funds sent to them may be permanently lost.
    “The mainnet swap of TRON is complete and the deposit and withdrawal services have been resumed as normal. Thank you for your understanding.”
    — OKEx Official Announcement

  2. Participating Exchanges and Wallets:
    The following platforms have completed TRON’s upgrade and reinstated TRX services:

    • Bitforex
    • Cobo
    • Coinfalcon
    • Gate.io
    • OKEx
    • Upbit

  3. Binance’s Delay Explained:
    Binance, holding approximately 19 billion TRX (20% of total supply), prioritizes security and stability. The exchange stated:

    • Rigorous testing is underway to ensure chain security.
    • Multiple concurrent blockchain swaps (late June) contribute to delays.
    • System maintenance has temporarily halted trading and withdrawals.

    👉 Why is Binance taking longer than other exchanges?

FAQs: TRON (TRX) Mainnet Upgrade

1. Why did OKEx suspend TRX services temporarily?

Deposits/withdrawals were paused during TRON’s mainnet upgrade to ensure a smooth token migration.

2. Can I use my old TRX deposit address on OKEx?

No. Old addresses are obsolete. Generate a new address via OKEx to avoid asset loss.

3. When will Binance enable TRX withdrawals?

Binance has not provided a specific timeline but emphasizes thorough security checks.

4. Are other exchanges affected by TRON’s upgrade?

Most major platforms (e.g., Gate.io, Upbit) have completed the transition. Delays vary by exchange policies.

5. What happens if I sent TRX to an old address?

Funds may be irretrievable. Always verify deposit instructions before transacting.

Conclusion

OKEx’s swift resumption of TRX services highlights its operational efficiency, while Binance’s cautious approach underscores its commitment to safeguarding user assets. Traders should stay updated via official channels and adhere to new deposit protocols.

👉 Explore secure TRX trading on OKEx today

Note: Cryptocurrency investments involve risks. Conduct independent research before trading.


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