Cosmos

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-suspends-services-for-cosmos-network-upgrade" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Suspends Services for Cosmos Network Upgrade</a><br></p>
<p style="text-align: justify">In a recent announcement, <a href="https://en.bitcoinhaber.net/binance-ramps-up-compliance-investment-with-new-leadership-strategy" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> confirmed that it will pause deposit and withdrawal services for the Cosmos (ATOM) network to facilitate essential upgrades. This initiative aims to maintain seamless operations for users during altcoin transactions and enhance overall user experience. The halt in services will be in effect today, October 2, 2024, beginning at 17:00 GMT, and is anticipated to conclude shortly after the update starts at 18:00 GMT.</p>
<h2 style="text-align: justify" id="why-is-binance-suspending-services">Why is Binance Suspending Services?</h2>
<p style="text-align: justify">The suspension of deposit and withdrawal services is necessary to ensure a smooth transition during the network’s upgrade process. Binance aims to minimize any potential disruptions that could affect users.</p>
<h2 style="text-align: justify" id="how-will-users-be-impacted">How Will Users Be Impacted?</h2>
<p style="text-align: justify">While deposits and withdrawals will be temporarily disabled, users can still engage in ATOM trading without any interruptions. This strategic precaution allows users to maintain trading activity while the underlying network is enhanced.</p>
<p style="text-align: justify">Binance has implemented multiple measures to protect users during this upgrade, ensuring that:</p>
<ul>
 <li>Transaction losses will not occur during the upgrade.</li>
 <li>User balances will remain secure throughout the process.</li>
 <li>Trading of ATOM will continue unaffected by the service suspension.</li>
</ul>
<p style="text-align: justify">After the successful completion of the upgrade, Binance will resume all services once stability is confirmed. Users will not be required to take any action, as the exchange will manage all technical aspects of the transition. Currently, ATOM has seen an 8.17% decline in price over the past 24 hours, trading at $4.48, with trading volume increasing to $178.18 million.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/binance-suspends-services-for-cosmos-network-upgrade" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Suspends Services for Cosmos Network Upgrade</a></h5>

Binance Suspends Services for Cosmos Network Upgrade

Table of Contents

BH NEWS

Other articles published on Oct 2, 2024

Donald Trump Ties With Kamala Harris As Election Betting Becomes Legal

Wormhole token soars 20% in 24 hour trading after Upbit listing

Cryptocurrencies Plunge on Rising Middle East Tensions

PayPal Opens Cryptocurrency Market to U.S. Business Accounts

Blockchain Life 2024 in Dubai: A Legendary Gathering of Market Insiders Ahead of the Bull Run.

The Flow Horse Identifies Six Key Altcoins for Future Growth

Join our free newsletter for daily crypto updates!