Binance Announces Support for IRISnet (IRIS) Network Upgrade to Enhance Services

Binance will support the IRISnet (IRIS) network upgrade, temporarily suspending deposits and withdrawals on May 20, 2024, to ensure a smooth transition and uninterrupted trading.

Binance Will Support IRISnet (IRIS) Network Upgrade

Binance, the world-renowned cryptocurrency exchange, has officially announced its support for the upcoming IRISnet (IRIS) network upgrade. To facilitate this process smoothly and maintain the best possible user experience, Binance will temporarily halt deposits and withdrawals of IRIS tokens starting at approximately 07:30 on May 20, 2024.

The anticipated network upgrade is scheduled to take place at block height 25,006,118, which is expected to be reached around 08:30 on the same day. While the deposits and withdrawals of IRIS tokens will be suspended during this period, Binance has confirmed that trading of IRIS tokens will not be impacted.

Binance has assured its users that it will handle all technical requirements related to the upgrade. This proactive step aims to ensure that the network upgrade proceeds seamlessly without any disruptions to trading activities.

Once the network upgrade is completed and the stability of the system is verified, Binance will resume the deposit and withdrawal services for IRIS tokens. Notably, Binance has stated that there will be no further announcements regarding the resumption of these services, implying that users should stay tuned to the exchange official channels for real-time updates and information.

This measure by Binance underscores its commitment to providing high-quality service and support during significant network upgrades, ensuring that users experience minimal inconvenience.

For more details or updates, users are encouraged to keep an eye on Binance official communication channels.

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