Binance Supports IRISnet (IRIS) Network Upgrade

Binance Announces Support for IRISnet Network Upgrade

Binance, a leading global cryptocurrency exchange, has announced its support for the upcoming network upgrade of IRISnet (IRIS). Commencing from 2024-05-20 04:30 (UTC), Binance will suspend the deposits and withdrawals of tokens on the IRISnet network. This move is aimed at ensuring the best user experience during the network upgrade.

Details of the Network Upgrade

The network upgrade is scheduled to take place at the block height of 25,006,118, or approximately at 2024-05-20 05:30 (UTC). Despite the suspension of deposits and withdrawals, the trading of tokens on the IRISnet network will not be impacted. Binance will handle all technical requirements involved for all users.

Post-Upgrade Activities

Deposits and withdrawals for tokens on the IRISnet network will be reopened once the upgraded network is deemed to be stable. Binance has stated that no further announcement will be posted regarding the reopening. Users are advised to refer to the announcement from the project team for more information.

Binance's Commitment to User Experience

This announcement underscores Binance's commitment to providing its users with the best possible experience. By suspending deposits and withdrawals during the network upgrade, Binance aims to avoid any potential disruptions or inconveniences. Binance continues to support various network upgrades and developments in the crypto ecosystem, solidifying its position as a leading cryptocurrency exchange.