Binance platform: pausing withdrawals and deposits of ADA digital currency for this reason!
Binance platform: pausing withdrawals and deposits of ADA digital currency for this reason!

By AlDiwaniDheyaa | Technology | 21 Feb 2020


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The famous Binance platform announced the temporary suspension of withdrawals and deposits of the ADA digital currency in preparation for the upgrade of the Cardano network. The Binance platform announcement confirmed its support for the upcoming upgrade.

The withdrawals and deposits of the Cardano digital currency in the Binance platform will be suspended from today 20/02/2020 and this will not affect the currency trading itself in the Binance platform.

https://twitter.com/i/status/1230499388029636609

The platform confirmed that nothing is required of the user, as the Binance platform will deal with the technical requirements necessary for the Cardano network upgrade process.

Today, Cardano will see an upgrade on its network to improve the consensus algorithm to support Shelley's launch.

And to note, the upgrade process will not witness the launch of any new currencies as it happens in Fork operations. 

The Binance platform will reopen the ADA digital deposit and withdrawal operations after completing the network upgrade test and making sure that it works well.



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