**Upbit Halts NEAR Protocol Transactions Amid Network Upgrade**
Upbit, a leading global cryptocurrency exchange, has temporarily paused deposit and withdrawal services for the Near Protocol (NEAR) due to an upcoming network upgrade. The suspension starts on Aug. 26 at 3 am UTC and will last until the upgrade's stability is confirmed.
- **Trading Unaffected**: NEAR trading will continue without interruptions.
- **User Safety**: The pause is a precaution to protect users' assets.
- **Updates**: Upbit will provide updates on the resumption of services.
Upbit, monitored by South Koreaâs Financial Supervisory Service (FSS), ensures compliance with the Virtual Asset User Protection Act. Interestingly, Upbit staff earn significantly more than employees at major banks like Shinhan Bank and KB Kookmin Bank.
