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Binance, one of the world's leading cryptocurrency exchanges, announced that it supports the upcoming Celo (CELO) network upgrade and Hard Fork.
Binance Prepares to Support Celo (CELO) Network Upgrade and Hard Fork
The announcement is as follows:
This upgrade is scheduled to occur at approximately 26-09-2023 17:15 at block height 21,616,000.
In preparation for this important event, deposits and withdrawals of tokens associated with the Celo network will be temporarily suspended starting from 26-09-2023 19:15.
However, it is important to note that trading activities involving these tokens will not be affected.
Binance is ready to manage all technical prerequisites to facilitate a smooth transition for its users.
The exchange will monitor the situation closely and evaluate the stability of the upgraded network. Once deemed safe and operational, deposits and withdrawals for tokens on the Celo network will be reinstated.
It is worth noting that no further announcement will be made regarding this issue.
The Celo network upgrade and Hard Fork represent a pivotal moment in the evolution of blockchain. Binance's decision to support this event demonstrates its commitment to providing a robust and secure trading environment for its global user base.
*This is not investment advice.