Binance, the globally renowned cryptocurrency exchange, has announced its plans to support the upcoming network upgrade and hard fork of the Metis (METIS) network. According to Binance, this move aims to ensure a seamless user experience during the transition.

Details of the Upgrade

The network upgrade and hard fork are scheduled to take place at the block height of 18,118,000, approximately on August 20, 2024, at 11:00 (UTC). In preparation for this, Binance will temporarily suspend deposits and withdrawals of tokens on the Metis network. However, trading of tokens on the Metis network will not be affected during this period.

Impact on Users

Binance has assured its users that it will manage all technical requirements involved in the upgrade. Deposits and withdrawals will resume once the upgraded network is deemed stable, although no further announcements will be made regarding this reopening. Users are advised to plan their transactions accordingly.

Additional Information

For the most accurate and up-to-date information, users can refer to the original announcement on Binance’s official website. Binance also reserves the right to amend or cancel this announcement at any time without prior notice.

As always, Binance reminds its users of the inherent risks associated with digital asset trading, emphasizing the importance of making informed investment decisions.

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