Binance, one of the popular cryptocurrency exchanges in the world, announces that this altcoin will support network upgrade.
The leading global exchange for digital currencies Binance has indicated that it will support the upcoming IRISnet (IRIS) network upgrade.
Binance Will Support IRISnet (IRIS) Network Upgrade
Deposits and withdrawals of IRIS tokens have been suspended by Binance as part of their continuous efforts to ensure a seamless user experience starting at approximately 07:30 hours on 20th May 2024.
Block height 25,006,118 is expected to be reached around 08:30 am on the same day when the network upgrade is scheduled. In line with this eventuality, deposits and withdrawals will be paused while trading will continue normally.
According to Binance, it will handle all technical requirements related to the improvement of blockchain.
Deposits and withdrawals for IRIS tokens will resume once the network upgrade is complete and stability is confirmed. No more announcements regarding these services’ relaunch are expected by Binance.
Such proactive measures being undertaken by Binance are aimed at ensuring smooth transition while maintaining high service quality during improvement of IRISnet network.