Binance discontinues mainnet support and ERC20 deposit/withdrawal functionality for Sophon (SOPH).
Ecosystem ·
Binance announced it will discontinue mainnet support for Sophon (SOPH) and cease accepting deposits and withdrawals via the Ethereum ERC20 network for the token. The move affects users seeking to move SOPH between the Sophon mainnet and Ethereum, removing a key on-ramp and off-ramp for the asset on one of the world's largest exchanges.
The announcement marks a reduction in Binance's support infrastructure for Sophon, though the precise timeline and any alternative pathways for token transfers were not detailed in the available material. It remains unclear whether the discontinuation reflects broader concerns about the network or asset, or if other trading pairs or deposit methods on Binance will remain available.