KuCoin Will Support the Moonriver (MOVR) Network Upgrade | KuCoin
KuCoin has announced support for the upcoming Moonriver (MOVR) network upgrade, a scheduled enhancement aimed at improving performance and network stability. As part of standard procedure during network-level changes, KuCoin will temporarily pause key account services tied to the Moonriver network to ensure user funds remain safe and the transition happens smoothly.
What’s Changing
During the upgrade window, KuCoin will suspend deposit and withdrawal services for assets on the Moonriver (MOVR) network. This temporary pause is a precautionary measure commonly taken across the industry during chain upgrades to avoid transaction issues or inconsistencies while nodes update and the network finalizes changes.
Timeline and Key Details
- Service impact: Deposits and withdrawals on the Moonriver (MOVR) network will be suspended.
- Start time: 12:00 (UTC) on 6 January, 2025.
- Scope: Only network-level transfers (deposit/withdrawal) are affected. Trading of MOVR on KuCoin will continue as normal.
KuCoin strongly advises users not to initiate any MOVR deposits or withdrawals until the network upgrade is complete and services have officially resumed. Transactions attempted during the maintenance window may be delayed or fail to settle until the network is fully back online.
Trading Remains Unaffected
Spot and other trading services for Moonriver (MOVR) on KuCoin will remain available throughout the upgrade. Order placement, cancellation, and execution for MOVR pairs are not impacted by the network-level maintenance.
Why This Matters
Network upgrades are essential to improving throughput, security, and developer tooling on chains like Moonriver—an EVM-compatible parachain on Kusama designed to support decentralized applications. These upgrades often include critical fixes or performance enhancements that benefit users and builders alike. Temporarily pausing deposits and withdrawals ensures consistency across nodes and protects users from settlement risks while the upgrade is applied.
What You Should Do
- Avoid sending MOVR to your KuCoin deposit address during the suspension window.
- Hold off on withdrawal requests until KuCoin confirms the network is stable and services have resumed.
- If you require liquidity during the upgrade, consider using existing balances for trading, which is not affected.
- Monitor your email, in-app notifications, and KuCoin’s official announcements for the resumption update.
After the Upgrade
KuCoin will re-enable deposits and withdrawals for the Moonriver network once the upgrade is complete and the network is deemed stable. No further action is expected from users who are not moving funds during the maintenance period. Any pending transactions initiated before the cutoff will be processed once normal operations resume, subject to network conditions.
Stay Informed
For real-time updates, keep an eye on KuCoin’s official channels. If you have an urgent request or encounter an issue, contact KuCoin Support with your transaction details and timestamps to help expedite assistance.
In summary: KuCoin is supporting the Moonriver (MOVR) network upgrade by temporarily suspending deposits and withdrawals from 12:00 (UTC) on 6 January, 2025. Trading remains fully available. Users are advised not to deposit or withdraw MOVR until KuCoin confirms that services have resumed after the upgrade.
