Binance, the leading global cryptocurrency exchange, announced support for the upcoming IRISnet (IRIS) network upgrade.
Binance Will Support IRISnet (IRIS) Network Upgrade
To ensure a smooth user experience, Binance has temporarily suspended deposits and withdrawals of IRIS tokens starting at approximately 07:30 on May 20, 2024.
The network upgrade is scheduled to occur at block height 25,006,118, which is expected to be reached around 08:30 on the same day. While deposits and withdrawals will be suspended, trading of IRIS tokens will not be affected during this period.
Binance assured its users that it will manage all technical requirements for the upgrade.
Once the network upgrade is completed and stability is confirmed, deposits and withdrawals for IRIS tokens will be restored. Binance stated that there will be no further announcements regarding the relaunch of these services.
This proactive measure taken by Binance aims to facilitate a smooth transition and maintain optimal service quality during IRISnet network improvement.
Users are advised to stay updated via Binance's official channels for additional information or updates.
*This is not investment advice.