Binance has officially announced that it will pause Cardano (ADA) token deposits and withdrawals on its platform, commencing on January 30, 2025, at 04:45 (UTC+8). This strategic move is aimed at facilitating a crucial network upgrade and hard fork, which are essential procedures for enhancing the functionality and performance of the Cardano ecosystem. Following the suspension, the project team plans to execute the network upgrade at 05:45 (UTC+8) on the same day. This proactive step is indicative of Binance’s commitment to maintaining optimal operational integrity while aligning with the continuous evolution of blockchain technology. Traders and investors involved with Cardano should take note of this timeline to effectively manage their assets during the transition period. Adhering to this notice will ensure a seamless experience once the upgrade is finalized, solidifying confidence in the ongoing developments within the cryptocurrency space.
Source: https://en.coinotag.com/breakingnews/binance-to-suspend-cardano-ada-deposits-and-withdrawals-for-upcoming-network-upgrade-on-january-30-2025/