Are you ready for the latest update in the world of cryptocurrency? Binance, one of the leading cryptocurrency exchanges, has just announced its support for the upcoming Horizen (ZEN) network upgrade. This exciting development is set to take place on September 12, 2024, at approximately 07:00 UTC.
What does this mean for users? Well, in order to facilitate the network upgrade smoothly, Binance will be temporarily suspending deposits and withdrawals of tokens on the Horizen (ZEN) network starting at 07:00 UTC on the same day. However, the trading of ZEN tokens will not be affected during this time.
Binance has reassured users that they will handle all technical aspects of the network upgrade to ensure a seamless transition. Once the upgraded network is stable, deposits and withdrawals will be reopened. It’s important for users to plan their transactions accordingly to avoid any inconvenience.
The purpose of this upgrade is to enhance the performance and security of the Horizen network, ultimately providing a better user experience. For more technical details and updates, you can refer to the original announcement on the Binance website.
As with any changes in the cryptocurrency world, there may be potential risks involved. It’s always a good idea to stay informed and consult with financial advisors if needed, especially considering the volatile nature of digital assets.
Stay tuned for more updates and make sure to visit Extreme Investor Network for the latest news and insights in the world of crypto!