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Binance has released a crucial update for its users regarding a live upgrade of its wallet network. The upgrade aims to significantly improve the network’s efficiency and security.
According to the announcement, during the upgrade process, deposits and withdrawals for all networks will be suspended for approximately 15 minutes. However, traders can still access and use their existing assets seamlessly.
As per the timeline, the Binance Wallet upgrade is scheduled for July 31st at 8 am UTC. The exchange urged its users to thank them for their patience and understanding in advance.
The development comes shortly after the exchange launched a new trading tool called DEX Pro mode for experienced traders. This innovative feature empowers users with enhanced order management capabilities, offering greater flexibility.
In other news, Ethereum (ETH) might harm XRP, SOL and other altcoins, as per an analysis provided by U.Today. For more insights on this topic, kindly visit our recent article.
Meanwhile, Ripple has announced the hiring of a key executive to spearhead its institutional DeFi strategy.
The Binance team appreciates its users’ understanding during this upgrade and encourages them to stay informed about any further updates or changes through regular announcements on their social media channels.
Source: u.today
