Binance Supports MultiversX (EGLD) and Ronin (RON) Network Upgrades
Binance, a prominent cryptocurrency exchange, has confirmed its backing for the forthcoming network enhancements and hard forks of MultiversX (EGLD) and Ronin (RON). The objective of this decision is to ensure a smooth experience for users during these significant updates.
MultiversX (EGLD) Network Upgrade
The MultiversX (EGLD) network upgrade is set to take place around 2024-07-02 16:20 (UTC). To prepare for this upgrade, Binance will halt the deposit and withdrawal of tokens on the MultiversX (EGLD) network starting from 2024-07-02 15:20 (UTC). However, trading of EGLD tokens will remain unaffected during this period.
Ronin (RON) Network Upgrade and Hard Fork
The Ronin (RON) network upgrade and hard fork will occur at the block height of 36,052,600, approximately on 2024-07-03 07:00 (UTC). Consequently, Binance will stop the deposit and withdrawal of tokens on the Ronin (RON) network from 2024-07-03 06:00 (UTC). Similar to the MultiversX upgrade, trading of RON tokens will continue without any interruptions.
Key Points to Note
Binance has reassured its users that the trading activities on the mentioned networks will not face any disruptions. The exchange will handle all the technical requirements related to the upgrades, and deposits and withdrawals will resume once the upgraded networks are stable. Binance will not provide any further announcements regarding the reopening of these services.
- Users should be cautious about potential discrepancies in translated versions of the announcement
- For accurate and updated information, users are advised to refer to the original English version
For More Information
For further details, the official announcement can be accessed on Binance’s website.
Hot Take: Stay Informed and Prepared for Upcoming Crypto Network Upgrades!
As a crypto enthusiast, it is crucial to stay informed about upcoming network upgrades and hard forks. Binance’s support for the MultiversX (EGLD) and Ronin (RON) network upgrades demonstrates the exchange’s commitment to ensuring a seamless trading experience for users. Make sure to keep an eye on these developments to navigate the crypto space successfully!
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