Binance withdrawals: HYPE, APT and LTC by mid-November
Binance plans to resume withdrawals for HYPE, INJ, APT, PLASMA, NEAR, and LTC by mid-November, according to a November 6 announcement. The exchange is working to restore these coins, but no fixed date is set. Withdrawals for some coins are already possible via BNB Smart Chain. Binance has replaced 98% of the stolen assets from the October 29 hack, bearing the loss itself.
How this was made
The 30-second read
Why it matters
Restoring withdrawals removes a key friction point, likely narrowing discounts on the affected tokens and boosting overall exchange confidence.
Market read
The announcement provides the first concrete timeline for resuming withdrawals of six tokens, a material update for traders holding or considering these assets.
What to watch
Potential regulatory scrutiny on Binance's handling of the hack could dampen any positive price effect despite withdrawal resumption.
Background
Following the October 29 hack that saw $6.3 bn stolen, Binance has been issuing phased recovery updates. Phase 3 targets the remaining six assets whose native networks are still blocked.
Ticker impact
Binance announced withdrawals for HYPE will resume by mid‑November, ending the current suspension.
likely upward pressure as withdrawal capability restores confidence
Availability on the native network removes a key restriction, encouraging buying and reducing discount.
Binance plans to reopen INJ withdrawals by mid‑November via BNB Smart Chain.
moderate upside as traders can move INJ off‑exchange
The BEP20 detour already works; full native withdrawals will improve market depth.
Binance will resume APT withdrawals by mid‑November, currently only tradable on‑exchange.
upward pressure once native withdrawals are enabled
Liquidity constraints are a known discount factor; removal should boost price.
Binance will allow NEAR withdrawals by mid‑November; BEP20 version already available.
moderate upside as full withdrawal options return
Existing BEP20 route mitigates risk, but native access will improve confidence.
Binance plans to reopen LTC withdrawals by mid‑November; BEP20 version already usable.
slight upward pressure as native LTC becomes withdrawable
Liquidity restriction easing typically narrows discount to spot price.
Market effects
Improves confidence in crypto exchange liquidity and may reduce discount across other suspended assets.
Primarily affects Binance users globally, with notable impact in Europe and Asia where the listed tokens have strong communities.
Signals progress in post‑hack recovery, supporting broader crypto market stability.
Counterpoint
If Binance delays beyond the target, the promised reopening could be seen as a red flag, prompting short positions on the affected tokens.
Key entities
- exchangeBinance
Crypto exchange managing the withdrawal suspension and recovery timeline.
- crypto tokenHyperliquid
HYPE token currently blocked from native withdrawals.
