Binance confirmed it will support Sei’s migration to SEIEVM, but first it needs to stop traffic on the legacy network.
According to the BitcoinWorld report, Binance will temporarily suspend deposits and withdrawals of tokens on the existing Sei (SEI) network starting at 8:00 a.m. UTC on June 1. The suspension applies to user activity tied to the current SEI network, while Binance coordinates handling for the post-migration environment.
What Binance is changing
The announcement, as described by BitcoinWorld, is straightforward.
Deposits and withdrawals for the legacy Sei network will pause at 8:00 a.m. UTC on June 1.
That lets Binance migrate support without accepting transfers that might land on the wrong chain or use the wrong transaction format.
Why it matters
Exchange support often decides whether a protocol upgrade is “real” for everyday users.
If Binance is suspending deposits and withdrawals, then anyone relying on Binance to move SEI across the migration window could face delays. That matters even if the migration itself goes smoothly on-chain, because the bottleneck shifts to centralized infrastructure.
Market impact
This is the kind of operational change that can ripple through exchange liquidity.
BitcoinWorld frames it as a temporary pause tied to the upgrade window. That means SEI flows into and out of Binance should slow during the suspension period, at least for users sending to or withdrawing from Binance on the legacy network.
What to watch next
The BitcoinWorld piece only confirms the suspension timing and Binance’s intent to support the SEIEVM migration. After that, the practical questions become operational.
Watch for when Binance reopens deposits and withdrawals after the migration window. Also watch whether Binance provides specific instructions for post-migration transfers, including which network routes are supported for SEI.
A migration that changes the execution environment can create edge cases for wallets and integrations, but those details depend on what Binance announces next.
| Item | What the report says |
|---|---|
| Migration target | Sei migration to SEIEVM |
| Binance action | Temporarily suspend deposits and withdrawals |
| Affected network | Existing Sei (SEI) network |
| Start time | 8:00 a.m. UTC on June 1 |