Binance to Support Neo Network Upgrade and Hard Fork
Binance, the prominent global cryptocurrency exchange, has announced its backing for the forthcoming Neo (NEO) network upgrade and hard fork.
In preparation for this transition, Binance will temporarily halt token deposits and withdrawals on the Neo network from approximately 27th of May 2024 from 08:00 onwards.
The network upgrade and hard fork are scheduled to take place at block height 5,450,000. Throughout this period, Binance will ensure a smooth process by meeting all necessary technical requirements.
Binance will handle all technical aspects of the upgrade, eliminating the need for users to take any extra steps.
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Once the network upgrade is deemed stable, deposits and withdrawals for Neo tokens will resume. No further announcements regarding service resumption will be made.
Binance advises users to plan accordingly and stay informed about the network upgrade to prevent any inconvenience.
This support for the Neo upgrade underscores Binance’s dedication to providing its users with a dependable and seamless trading experience.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
