Binance, one of the world's leading cryptocurrency exchanges, announced that it supports upcoming Optimism (OP) and Arbitrum ($ARB) network upgrades and Hard Forks in order to provide the best user experience.
Binance Announces Support for Optimism (OP) and Arbitrum ($ARB) Network Upgrades and Hard Forks
The Optimism (OP) network upgrade and Hard Fork is scheduled to occur at approximately 03:00 on March 14, 2024, at block height 1,710,374,401.
To facilitate a smooth transition, Binance will temporarily suspend token deposits and withdrawals on the Optimism (OP) network starting at 02:00 on March 13, 2024.
Similarly, the Arbitrum ($ARB) network upgrade and Hard Fork is scheduled to occur on March 14, 2024 at 12:00 PM.
In preparation for this event, Binance will suspend token deposits and withdrawals on the Arbitrum ($ARB) network starting approximately March 14, 2024, at 11:00 AM.
It is important to note that token trading on both the Optimism (OP) and Arbitrum ($ARB) networks will not be affected during these upgrades and Hard Forks.
Binance assures its users that it will manage all technical requirements to ensure a smooth transition.
Upon completion of the upgrades, Binance will reopen deposits and withdrawals for tokens on the Optimism (OP) and Arbitrum ($ARB) networks once the upgraded networks are deemed stable and operational.
These network upgrades represent a significant step forward for both the Optimism and Arbitrum ecosystems, and Binance's support underscores its commitment to facilitating the adoption and growth of these technologies within the cryptocurrency community.
*This is not investment advice.