Binance will be supporting the upcoming network upgrade and hard fork of the Cardano (ADA) network.
Key Details:
- Suspension of Deposits and Withdrawals: Starting at approximately 2025-01-29 20:45 (UTC), Binance will temporarily suspend deposits and withdrawals of token(s) on the Cardano network. This is necessary to ensure a seamless transition during the network upgrade.
- Scheduled Upgrade Time: The Cardano network upgrade and hard fork is set to take place at approximately 2025-01-29 21:45 (UTC).
What Users Need to Know:
- Trading Unaffected: The trading of token(s) on the Cardano network will continue as usual and will not be impacted by this upgrade.
- Binance Handles the Technical Aspects: Users do not need to take any action. Binance will manage all technical requirements to support the network upgrade and ensure a smooth transition.
- Resumption of Deposits and Withdrawals: Once the upgraded Cardano network is confirmed to be stable, Binance will reopen deposits and withdrawals for token(s) on the network. Please note that no further announcement will be made regarding this reopening.
Important Note:
For additional details, users are encouraged to check the official announcement from the Cardano project team.
