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.
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%.
