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COINTURK NEWS > Altcoin News > Binance Announces Support for Optimism Network Upgrade and Hard Fork
Altcoin News

Binance Announces Support for Optimism Network Upgrade and Hard Fork

In Brief

  • Binance supports the Optimism network upgrade and hard fork scheduled for January 2025.

  • Deposit and withdrawal operations will temporarily pause during the upgrade.

  • Trading of tokens will continue without interruption during the upgrade process.

Ömer Ergin
Ömer Ergin 2 years ago
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The cryptocurrency exchange Binance has announced its support for the network upgrade and hard fork planned for the Optimism (OP) network. Starting from January 9, 2025, at 20:00 (UTC+3), the deposit and withdrawal operations for tokens associated with the Optimism network will be temporarily suspended. Binance stated that it will take necessary steps to ensure the best experience for its users during this process.

Contents
Scheduled Upgrade and Hard Fork Date for OptimismTrading Operations and Deposit-Withdrawal Process

Scheduled Upgrade and Hard Fork Date for Optimism

The upgrade will commence on January 9, 2025, at 21:00 (UTC+3). Binance will ensure that all technical requirements are provided so that users can carry out transactions without interruption during this process.

Binance Altcoin Optimism

Only deposit and withdrawal operations will be affected during the hard fork, while trading related to the tokens will continue without interruption. These deposit and withdrawal operations will resume once the network stabilizes. Binance will provide all necessary technical support during this period to ensure transaction security for its users.

Trading Operations and Deposit-Withdrawal Process

Binance did not indicate that trading operations involving the relevant tokens would be affected after the upgrade on the Optimism network. Consequently, users should be aware that trading on the Optimism network will remain uninterrupted.

Deposit and withdrawal operations will be temporarily halted, and they will become active again once the network stabilizes. Binance also noted that there would be no additional announcements following the completion of the network upgrade.

You can follow our news on X, Telegram, Facebook & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 27 December, 2024 - 3:14 pm 27 December, 2024 - 3:14 pm
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