South Korean exchange Bithumb says it will temporarily suspend deposits and withdrawals for Ronin (RON) on May 11. The stop starts at 9:00 a.m. UTC, and Bithumb frames it as routine infrastructure work tied to a planned network upgrade.
The target here is not just an exchange maintenance window. Bithumb says the halt is meant to facilitate a migration from the existing Ronin blockchain to Ronin L2. In practical terms, that means the exchange wants deposits and outbound transfers to pause while it aligns internal routing with the upgraded network.
Why it matters
For users, exchange suspensions are usually the least interesting part of a network upgrade and the most immediately painful one. If you try to send RON during the halt, the transfer can’t rely on normal deposit processing.
The key point is the dependency chain. Network upgrades change what “valid deposit” means. When an exchange migrates support, it often needs a cutover period to avoid miscrediting funds, misreading transaction formats, or dropping transfers that arrive mid-upgrade.
Bithumb’s announcement also signals that the move to Ronin L2 is operational enough that an exchange-wide pause is on the table, not just a contract-level update.
Market impact
Bithumb is only one venue, but these halts can still ripple across liquidity. When deposits and withdrawals are paused, the circulating inventory available for trading at that exchange can tighten. Traders do not need “network drama” to feel it. They only need fewer rails available.
That said, this is framed by BitcoinWorld as a scheduled upgrade migration and not as an incident response. So the near-term impact should be a workflow constraint rather than a claim of broken infrastructure.
| Item | What’s announced | Source |
|---|---|---|
| Asset | Ronin (RON) | BitcoinWorld |
| Action | Temporary suspension of deposits and withdrawals | BitcoinWorld |
| Start time | May 11 at 9:00 a.m. UTC | BitcoinWorld |
| Reason | Network upgrade plus migration from Ronin blockchain to Ronin L2 | BitcoinWorld |
What to watch next
The article text provided by BitcoinWorld mentions the suspension and the stated upgrade goal, but it does not include the end time or a full checklist of migration steps. After the May 11 cutover, watch for:
- When Bithumb resumes deposits and withdrawals for RON.
- Whether Bithumb publishes any additional guidance on how transfers should be made during and after the migration window.
- Any follow-up notes that clarify how RON assets are handled across the upgrade boundary.
If you hold RON in a way that depends on fast movement in and out of exchanges, this is one date to plan around. Scheduled halts still behave like road closures, even when the work is legitimate.