Binance Announces Support for Neo Network Upgrade and Hard Fork
As per a recent announcement by Binance, the world’s largest cryptocurrency exchange by trading volume, it will be supporting the Neo (NEO) network upgrade and hard fork. The upgrade and fork are expected to improve the overall user experience on the Neo network. The announcement was made on Binance’s official site on May 24, 2024, according to Binance.
Suspension of Deposits and Withdrawals
Starting from approximately 05:00 (UTC) on May 27, 2024, Binance will suspend the deposits and withdrawals of tokens on the Neo network during the upgrade and fork. However, the trading of tokens on the network will not be impacted. Binance assures that it will handle all technical requirements involved for all users. Deposits and withdrawals will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted about the reopening of these services.
More about the Neo Network Upgrade and Hard Fork
The network upgrade and hard fork will take place at the block height of 5,450,000. For more information about the upgrade and fork, users can refer to the announcement from the project team. Binance thanks its users for their support during this time.
Final Words
Binance, being a leading player in the crypto space, continues to provide support for significant events in various crypto networks. The support for the Neo network upgrade and hard fork is another example of this. It is essential for users of the Neo network to be aware of the temporary suspension of deposits and withdrawals and to make necessary arrangements.
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