Binance to Support Cosmos (ATOM) Upgrade
Binance, the world’s largest cryptocurrency exchange, has announced its support for the upcoming upgrade of the Cosmos (ATOM) network. The upgrade is scheduled to take place at block height 18,262,000 on December 13.
Temporary Suspension of ATOM Transactions
In preparation for the upgrade, Binance will temporarily suspend ATOM deposit and withdrawal services one hour before the upgrade. These services will resume after the upgrade when the network stabilizes.
ATOM’s Market Reaction
Despite the announcement, ATOM’s price has remained stable, trading around $11, which is consistent with its valuation on December 12. However, the token has shown an upward trend recently, with a weekly gain of 11% and an increase of almost 20% over the last 14 days.
Hot Take: Binance Supports Cosmos Upgrade
Binance, the world’s largest cryptocurrency exchange, has expressed its support for the upcoming upgrade of the Cosmos (ATOM) network. This move demonstrates Binance’s commitment to providing a secure and reliable platform for its users. By temporarily suspending ATOM deposit and withdrawal services during the upgrade process, Binance ensures that its customers’ funds are protected and that the network can stabilize before resuming normal operations. Despite this temporary halt in transactions, ATOM’s price has remained steady, indicating confidence in the upgrade and the overall market sentiment towards Cosmos. With Binance’s backing, the future looks bright for ATOM and its growing community of users.
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