Binance Announces Support for IRISnet (IRIS) Network Upgrade

Binance
to
Support
IRISnet
Network
Upgrade

The
leading
cryptocurrency
exchange,
Binance,
has
announced
its
decision
to
support
the
upcoming
network
upgrade
of
IRISnet
(IRIS).
The
support
will
begin
at
approximately
04:30
(UTC)
on
May
20,
2024.
During
this
period,
Binance
will
suspend
the
deposits
and
withdrawals
of
tokens
on
the
IRISnet
network
to
ensure
a
seamless
transition
and
the
best
user
experience.

Details
of
the
Upgrade

The
network
upgrade
is
set
to
occur
at
the

block
height
of
25,006,118,
or
approximately
at
05:30
(UTC)
on
May
20,
2024.
The
trading
of
tokens
on
the
network
will
not
be
impacted
during
this
upgrade.
Binance
has
assured
that
it
will
handle
all
technical
requirements
for
all
users.
Deposits
and
withdrawals
for
tokens
on
the
network
will
be
reopened
once
the
upgraded
network
is
deemed
to
be
stable.
No
further
announcement
is
expected
to
be
posted
after
this.

Reference
and
Support

For
more
information,
users
are
advised
to
refer
to
the

announcement
from
the
project
team.
Binance
has
appreciated
the
continued
support
from
its
users
and
has
also
urged
them
to
trade
on-the-go
with
Binance’s
crypto
trading
app
(iOS/Android).

Disclaimer

Binance
reserves
the
right
in
its
sole
discretion
to
amend
or
cancel
this
announcement
at
any
time
and
for
any
reasons
without
prior
notice.
It
is
also
important
to
note
that
digital
asset
prices
are
subject
to
high
market
risk
and
price
volatility.
Binance
is
not
liable
for
any
losses
that
may
be
incurred.
Past
performance
is
not
a
reliable
predictor
of
future
performance.
Users
are
advised
to
carefully
consider
their
investment
experience,
financial
situation,
investment
objectives,
and
risk
tolerance
and
consult
an
independent
financial
adviser
prior
to
making
any
investment.
This
material
should
not
be
construed
as
financial
advice.
For
more
information,
users
can
check
Binance’s

Terms
of
Use
and

Risk
Warning.

Image
source:
Shutterstock

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