Major Crypto Exchange Binance announced its support for the next upgrade of the Iota and Hard Fork network, scheduled for May 5, 2025. In preparation for this network event, the exchange will temporarily suspect the deposits and Iota withdrawals on this date.
According to an official announcement According to Binance, from around 6 a.m. (UTC) on May 5, it will suspect deposits and withdrawals of tokens on the Iota network to support the hard fork and ensure the best user experience. The upgrade of the Iota network should occur on May 5 at 7:00 am (UTC).
Binance said that the trading of tokens on the Iota network will not be affected and that the deposits and withdrawals will be reopened once the network is improved. However, no other announcement will be published.
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As indicated, Binance.us, the American Arm of Binance Crypto Exchange has announced its support for the next upgrade of the Iota Network network. In preparation for the upgrade, Binance. The deposits and withdrawals of the iota will also be suspended on this date.
Upgrade of the Rebased Iota network
The next upgrade of the Rebased Iota network marks a historic change for the Iota network while it migrates from current Stardust architecture to the brand new Iota network.
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The new network would be zero by a genesis ceremony of 13 validators led by the Iota Foundation and an initial group of 12 other validators.
Crypto's exchanges, including Bitfinex and Bithumb, announced the support for the next upgrade. Although exchanges on scholarships can continue without interruption, users must be aware that deposits and withdrawals of Iota tokens could be temporarily suspended during upgrade and prepare accordingly.
