Binance to Support BNB Beacon Chain (BEP2) Upgrade and Hard Fork
Peter Zhang Jul 04, 2024 08:04
Binance announces support for the BNB Beacon Chain (BEP2) network upgrade and hard fork, including maintenance schedules and impact on deposits and withdrawals.
Binance, a leading cryptocurrency exchange, has announced its support for the upcoming BNB Beacon Chain (BEP2) network upgrade and hard fork. This move aims to ensure the best user experience for its customers.
Maintenance Schedule
In preparation for this significant upgrade, Binance will perform wallet maintenance for the BNB Beacon Chain (BEP2) starting at 07:00 (UTC) on July 9, 2024. As a result, deposits and withdrawals on the BNB Beacon Chain (BEP2) will be suspended starting from 06:55 (UTC) on the same day. The maintenance is expected to last approximately two hours.
Upgrade and Hard Fork Details
The actual network upgrade and hard fork are scheduled to occur at 06:00 (UTC) on July 14, 2024. Binance will again suspend deposits and withdrawals of tokens on the BNB Beacon Chain (BEP2) starting from approximately 05:55 (UTC) on July 14.
Impact on Trading
Binance has assured users that the trading of tokens on the BNB Beacon Chain (BEP2) will not be impacted during the upgrade and hard fork. Additionally, Binance will manage all technical requirements involved, ensuring a smooth transition for all users.
Resumption of Services
Deposits and withdrawals for tokens on the BNB Beacon Chain (BEP2) will be reopened once the upgraded network is deemed stable. Binance has indicated that no further announcements will be made regarding the resumption of these services.
Additional Information
Users are advised to reference the original English version of the announcement for the most accurate and up-to-date information. For more details, the official announcement can be found on Binance.
Image source: Shutterstock