Binance, a leading cryptocurrency exchange, has announced that it will be suspending deposits and withdrawals of DYDX tokens via the Ethereum network (ERC-20) from February 12, 2025, at 11:00 AM (UTC). This suspension is part of a wider move by Binance to delist DYDX from its platform. The exchange has cited concerns over the token's compliance with regulatory requirements as the reason for this decision. Users who hold DYDX tokens on Binance will still be able to trade them, but they will not be able to deposit or withdraw them from the exchange. Binance has advised users to withdraw their DYDX tokens to an external wallet or exchange before the suspension date. The suspension of DYDX deposits and withdrawals on Binance is likely to have a negative impact on the token's price. DYDX has already seen a significant decline in value since the announcement was made. It is unclear how long the suspension will last, but it is likely to remain in place until Binance is satisfied that DYDX meets all regulatory requirements.