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Binance, one of the world's leading cryptocurrency exchanges, has announced its decision to support the upcoming network upgrade for Stellar (XLM).
Binance Announces Stellar (XLM) Network Upgrade Support
To ensure a smooth user experience during the upgrade process, Binance will temporarily suspend token deposits and withdrawals from the Stellar (XLM) network.
The suspension is scheduled to begin at 17:00 on January 30, 2024. This measure is in line with Binance's commitment to providing a robust and safe trading environment for its users.
The network upgrade for Stellar (XLM) will take place on January 30, 2024 at 18:00. It is important to note that while deposits and withdrawals will be temporarily suspended, token trading on the Stellar (XLM) network will not be affected.
Users will be able to continue trading these tokens seamlessly throughout the upgrade period.
Binance has taken responsibility for managing all technical aspects related to the network upgrade on behalf of its users. These responsibilities include ensuring a smooth transition and addressing technical requirements that may arise during the process.
Once the upgraded network is deemed stable, Binance will reopen deposits and withdrawals for tokens on the Stellar (XLM) network. There will be no additional announcements regarding the reopening.
*This is not investment advice.