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Cryptocurrency exchange Binance has announced it will support the planned network upgrade and hard fork process on the Metal DAO (MTL) network.
According to a statement from the exchange, token deposits and withdrawals on the MTL network will be temporarily suspended to protect user experience and smoothly manage the technical transition process.
According to Binance’s official announcement, deposits and withdrawals for Metal DAO (MTL) network tokens will be suspended on July 8, 2026, at 6:00 PM. The exchange stated that this step was taken to prevent technical disruptions that might occur during the network upgrade and hard fork, and to ensure the security of user assets.
The announcement stated that the Metal DAO network upgrade and hard fork is expected to take place around 7:00 PM on July 8, 2026. Binance emphasized that all necessary technical requirements will be handled by the company on behalf of users throughout the process, and that users do not need to take any additional action for this transition.
On the other hand, the exchange specifically stated that the technical update would not affect trading of tokens on the Metal DAO network. Accordingly, users will be able to continue trading on existing MTL trading pairs on the Binance platform. The temporary restriction will only cover deposit and withdrawal services.
Binance announced that deposit and withdrawal operations will resume once the upgrade is complete and the updated network is verified to be stable. The company also stated that no further announcements will be issued after this process; services will be reactivated directly.
*This is not investment advice.