Binance Temporarily Suspends Cardano Network Transactions for Upgrade Support

IconCryptoNewsTerminal Staff29 Aug, 2024

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Binance Temporarily Suspends Cardano Network Transactions for Upgrade Support

Binance, the world's leading cryptocurrency exchange, has announced the suspension of deposits and withdrawals on the Cardano network on September 2, 2023, at 05:45 AM (UTC). This temporary measure is taken to facilitate an upcoming network upgrade and hard fork support. The suspension will affect all Cardano (ADA) transactions, including deposits, withdrawals, and trading pairs. Binance recommends that users refrain from making any Cardano-related transactions during this period to avoid potential disruptions. Once the upgrade is complete, Binance will resume Cardano network operations. The exchange will provide further updates on the resumption time through its official channels. Binance encourages users to stay informed about the latest developments on the Cardano network. This temporary suspension is essential to ensure the smooth implementation of the network upgrade. Binance is committed to providing a secure and reliable trading environment for its users and will continue to prioritize the stability and functionality of the Cardano network.

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