Binance has confirmed its full support for an upcoming upgrade to the Celo blockchain, scheduled to take place on July 9, 2025.
The move comes as part of the network’s ongoing development, which includes a hard fork to implement technical improvements.
To facilitate the process, Binance will pause deposits and withdrawals for CELO and all associated tokens starting at 17:00 UTC on the day of the upgrade. The actual hard fork is expected to take place roughly an hour later, at 18:00 UTC.
Trading for CELO tokens on Binance will continue uninterrupted throughout the event. Users can still buy and sell assets on the exchange, as the update will not impact market activity. Binance also emphasized that no action is required from its customers, as the exchange will handle all necessary technical steps internally.
Once the upgrade is successfully completed and the network proves stable, Binance will restore deposit and withdrawal functionality. However, the company noted that there will be no separate announcement about the reopening.
The upcoming changes mark a key moment for the Celo ecosystem as it pushes forward with enhancements aimed at improving performance and functionality across its decentralized infrastructure.
Source: https://coindoo.com/binance-prepares-for-upcoming-celo-network-upgrade-on-july-9/