RATE Group | Binance Will Support Newly Announced Ethereum Muir Glacier Upgrade
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Binance Will Support Newly Announced Ethereum Muir Glacier Upgrade

30 Dec Binance Will Support Newly Announced Ethereum Muir Glacier Upgrade

Posted at 16:22h in Ethereum News by

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Major cryptocurrency exchange Binance will suspend Ether (ETH) deposits and withdrawals to support the recently announced Ethereum network Muir Glacier upgrade.

In a Dec. 30 blog post, Binance said that deposits and withdrawals will be suspended on the platform prior to the Ethereum network block height of 9,200,000 selected to execute the upgrade.

Ether trading will not be affected

While ETH trading will not be affected during the upgrade, deposits and withdrawals will be reopened once Binance deems the upgraded network to be stable. Binance noted that it will not make a separate announcement about the resumption of deposits and withdrawals. The exchange recommended to make deposits in full prior to the upgrade:

“Please leave sufficient time for deposits to be processed in full prior to the above ETH network block height. We will handle all technical requirements involved for all users holding ETH in their Binance accounts.”

Muir Glacier upgrade comes less than a month after…

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