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Cryptocurrency exchange Binance has announced its support for the upcoming Terra (LUNA) network upgrade and hardfork, scheduled to occur on March 31, 2025 at approximately 17:40.
Binance to Support Terra (LUNA) Network Upgrade and Hard Fork
Temporary Suspension of Deposits and Withdrawals
To ensure a smooth transition, Binance will temporarily suspend token deposits and withdrawals on the Terra (LUNA) network starting at 16:40 on March 31, 2025.
No Impact on Trading
Despite the upgrade, Binance confirmed that trading of LUNA tokens will not be affected, allowing users to continue trading as usual.
Binance has assured users that it will meet all technical requirements for the upgrade, meaning customers do not need to take any action. Deposits and withdrawals will be reopened once the upgraded network is stable, but no further announcements will be made.
This Terra (LUNA) upgrade is expected to increase the functionality of the network and improve its overall stability.
*This is not investment advice.