- Binance will halt MANTRA (OM) support on Ethereum and BNB Smart Chain from September 26.
- The move signals exchanges are reducing cross-chain exposure and simplifying compliance costs.
- MANTRA’s migration plan shifts liquidity to its native chain, reinforcing long-term utility.
Binance has announced it will discontinue deposits and withdrawals of MANTRA (OM) on Ethereum and BNB Smart Chain by September 26, 2025. The change signals a shift in how exchanges handle cross-chain support, with attention now turning to network rationalization and liquidity migration.
Binance Restricts Cross-Chain OM Transactions
According to Binance, deposits of OM on Ethereum will close on that date at 03:00 UTC, and any deposits after the stipulated time will not be credited, leading to asset loss. Withdrawals of OM through Ethereum and BNB Smart Chain will also close on the same date. Users can continue to deposit and withdraw OM using other networks, supported by teh token.
This announcement indicates a rising trend of exchanges trying to avoid multi-chain risks. Diversity in keeping liquidity pools and bridges between various networks can be expensive and create compliance overhead. Rationalizing supported networks enables exchanges to stream the operation and redirect the volume towards a preferred chain of a project.
The timing aligns with MANTRA’s proposal to migrate OM tokens fully onto its native chain by January 15, 2026. The plan includes reclaiming unbridged OM, enforcing a fixed 2.5 billion supply cap, and raising staking rewards.
By shutting down OM support on Ethereum and BNB Smart Chain, Binance may be accelerating the shift toward MANTRA Chain. Liquidity from Ethereum, Polygon, Base, and BNB Smart Chain is expected to migrate first to the project’s native settlement layer.
Market analysts suggest this could strengthen OM’s utility in the long run. The reduction in fragmentation would improve governance and concentrate liquidity on MANTRA’s infrastructure. However, short-term challenges remain. Exchange coordination during the sunset of ERC-20 tokens could create temporary uncertainty for holders and traders.
Strategic Partnerships and Market Reaction
MANTRA has recently secured a $20 million investment from Inveniam. The deal incorporates AI-based data solutions within the controlled infrastructure for the tokenization of real-life assets of MANTRA. The collaboration concentrates on real estate and private equity within the Dubai VARA license and the U.S. frameworks.
In August, the project also made some progress on its technical roadmap, completing EVM compatibility testing. The mainnet of MANTRA Chain will be released in September, enabling the deployment of Ethereum-based applications to become quite easy. The upgrade also provides MultiVM, where different virtual machines can exist together on the same chain.
Despite these achievements, the market performance of OM has struggled. As of press time, the token is trading at $0.22, up by 4.45% within seven days but still 90% below its April peak. Analysts point out that exchange-based changes and migration plans may weigh on short-term sentiment until the new system stabilizes.
Related: Binance Enables Seamless CHR Transfers with Chromia Mainnet
Liquidity Migration and User Behavior
The elimination of ERC-20 and BEP-20 paths will change the way traders interact with OM. Liquidity providers might experience broader arbitrage spreads throughout the transition as assets consolidate in fewer networks. To the users, the dropped network options will lead to an increased reliance on the MANTRA’s native chain after the migration is accomplished.
Exchanges such as Binance will focus on effectiveness and compliance, and by steering users toward a project’s core infrastructure, they simplify oversight and reduce operational risk. For MANTRA, this may eventually hasten its chain adoption and transform the liquidity movements within the ecosystem.
