Binance to Support BNB Beacon Chain (BEP2) Upgrade and Hard Fork

Binance,
a
leading
cryptocurrency
exchange,
has
announced
its
support
for
the
upcoming
BNB
Beacon
Chain
(BEP2)
network
upgrade
and
hard
fork.
This
move
aims
to
ensure
the
best
user
experience
for
its
customers.

Maintenance
Schedule

In
preparation
for
this
significant
upgrade,
Binance
will
perform
wallet
maintenance
for
the
BNB
Beacon
Chain
(BEP2)
starting
at
07:00
(UTC)
on
July
9,
2024.
As
a
result,
deposits
and
withdrawals
on
the
BNB
Beacon
Chain
(BEP2)
will
be
suspended
starting
from
06:55
(UTC)
on
the
same
day.
The
maintenance
is
expected
to
last
approximately
two
hours.

Upgrade
and
Hard
Fork
Details

The
actual
network
upgrade
and
hard
fork
are
scheduled
to
occur
at
06:00
(UTC)
on
July
14,
2024.
Binance
will
again
suspend
deposits
and
withdrawals
of
tokens
on
the
BNB
Beacon
Chain
(BEP2)
starting
from
approximately
05:55
(UTC)
on
July
14.

Impact
on
Trading

Binance
has
assured
users
that
the
trading
of
tokens
on
the
BNB
Beacon
Chain
(BEP2)
will
not
be
impacted
during
the
upgrade
and
hard
fork.
Additionally,
Binance
will
manage
all
technical
requirements
involved,
ensuring
a
smooth
transition
for
all
users.

Resumption
of
Services

Deposits
and
withdrawals
for
tokens
on
the
BNB
Beacon
Chain
(BEP2)
will
be
reopened
once
the
upgraded
network
is
deemed
stable.
Binance
has
indicated
that
no
further
announcements
will
be
made
regarding
the
resumption
of
these
services.

Additional
Information

Users
are
advised
to
reference
the
original
English
version
of
the
announcement
for
the
most
accurate
and
up-to-date
information.
For
more
details,
the
official
announcement
can
be
found
on

Binance.

Image
source:
Shutterstock