Binance, one of the world's leading cryptocurrency exchanges, announced that it will support the planned technical upgrade of the Moonbeam (GLMR) network.
Binance to Support Moonbeam (GLMR) Network Upgrade
According to the official statement, in preparation for the upgrade, deposits and withdrawals of all tokens on the Moonbeam network will be temporarily suspended as of 3:00 PM on October 13, 2025.
The network upgrade is expected to occur at block height 12,993,016, approximately 4:00 PM. Binance will be handling all necessary technical work within its own team to ensure the security of user funds and ensure a seamless transition during this time.
Binance specifically emphasized that the maintenance period will only affect deposits and withdrawals, and that trading of GLMR and other related tokens will continue uninterrupted. Users will be able to continue trading in spot and futures markets.
Once the upgrade is complete and the network is confirmed to be stable, deposits and withdrawals of tokens on the Moonbeam network will automatically reopen. Binance also stated that no further announcements will be made after this period.
This network upgrade aims to improve Moonbeam's performance, transaction security, and cross-chain compatibility.
*This is not investment advice.
