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COINTURK NEWS > Altcoin News > Binance Announces Support for REI Network and MobileCoin Upgrades and Hard Forks
Altcoin News

Binance Announces Support for REI Network and MobileCoin Upgrades and Hard Forks

In Brief

  • Binance, the world’s largest cryptocurrency exchange by volume, has announced that it will support the network upgrades and hard forks of altcoins REI Network (REI) and MobileCoin (MOB). Binance will temporarily suspend deposits and withdrawals for REI and MOB.ContentsREI Network and MobileCoin Planned Network Upgrades and Hard ForksREI and MOB Trading Unaffected by Upgrades REI […]
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Binance, the world’s largest cryptocurrency exchange by volume, has announced that it will support the network upgrades and hard forks of altcoins REI Network (REI) and MobileCoin (MOB). Binance will temporarily suspend deposits and withdrawals for REI and MOB.

Contents
REI Network and MobileCoin Planned Network Upgrades and Hard ForksREI and MOB Trading Unaffected by Upgrades

REI Network and MobileCoin Planned Network Upgrades and Hard Forks

Major cryptocurrency exchange Binance recently announced its support for the network upgrades and hard forks of REI Network and MobileCoin. The planned network upgrade and hard fork for REI Network will take place at block height 15,084,585 or approximately at 05:00 AM on September 11th. Binance will temporarily suspend deposits and withdrawals for REI starting at approximately 04:00 AM on September 11th.

Binance will also support the network upgrade of MobileCoin, which will take place at block height 1,936,306 or approximately at 09:00 PM on September 26th. Deposits and withdrawals for MOB will be temporarily suspended starting from approximately 08:00 PM on September 26th.

REI and MOB Trading Unaffected by Upgrades

Trading of REI and MOB will not be affected by the network upgrades and hard forks. While the network upgrade and hard fork for REI Network will occur at block height 15,084,585, the network upgrade for MobileCoin will occur at block height 1,936,306.

Binance will fulfill all technical requirements for its users holding REI and MOB in their cryptocurrency exchange wallets. The planned network upgrades and hard forks of REI Network and MobileCoin will not result in the creation of new tokens.

Once Binance ensures that the upgraded networks are running stably, it will resume deposits and withdrawals for REI and MOB.

According to data provided by cryptocurrency data and price platform CoinMarketCap, REI and MOB have seen an upward trend following Binance’s support announcement. REI has risen over 25% in the past 24 hours, while MOB has increased by nearly 1%.

You can follow our news on Telegram, Facebook, Twitter & 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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