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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-supports-upcoming-terra-classic-network-upgrade/" data-wpel-link="internal">Binance Supports Upcoming Terra Classic Network Upgrade</a><br></p>
<p style="text-align: justify">The <a href="https://en.coin-turk.com/10x-research-predicts-bitcoin-price-surge-in-q4-2024/" data-wpel-link="internal">cryptocurrency</a> exchange <a href="https://en.coin-turk.com/breaking-news-binance-delivers-fourth-bad-news-whats-happening-in-crypto/" data-wpel-link="internal">Binance</a> announced its support for the Terra Classic (LUNC) network upgrade scheduled for December 17, 2024. Consequently, the exchange will temporarily suspend <a href="https://en.coin-turk.com/coinbases-layer-2-network-base-ignites-memecoin-frenzy-with-staggering-surge/" data-wpel-link="internal">token</a> deposits and withdrawals on the Terra Classic network during the upgrade. The upgrade is set to commence when the block height reaches 21,163,600, with an expected completion time of 15:57 UTC on the same day.</p> 
<h2 style="text-align: justify" id="strong-deposits-and-withdrawals-will-be-suspended-strong"><strong>Deposits and Withdrawals Will Be Suspended</strong></h2> 
<p style="text-align: justify">Binance will temporarily suspend token deposits and withdrawals on the Terra Classic network at 14:57 UTC on December 17, 2024, approximately one hour before the upgrade begins. However, there will be no interruption in trading activities for the relevant tokens during this period.</p> 
<figure id="attachment_415349" aria-describedby="caption-attachment-415349" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-415349" src="https://coin-turk.com/wp-content/uploads/2024/12/Binance-Terra-Classic.jpg" alt="" width="1146" height="358">
 <figcaption id="caption-attachment-415349" class="wp-caption-text">
  Binance Terra Classic
 </figcaption>
</figure> 
<p style="text-align: justify">After the upgrade is completed and the network stabilizes, the deposit and withdrawal services will resume. Binance emphasized that there will be no additional announcements regarding this process.</p> 
<h2 style="text-align: justify" id="strong-no-additional-action-required-from-users-strong"><strong>No Additional Action Required from Users</strong></h2> 
<p style="text-align: justify">Binance will manage all necessary technical details on behalf of users during the upgrade process, meaning users will not need to take any extra actions. This network upgrade aims to enhance the performance of the blockchain and provide a more stable infrastructure. Binance will closely monitor every phase of the process to ensure users have a secure and seamless experience.</p> 
<p>The post <a href="https://en.coin-turk.com/binance-supports-upcoming-terra-classic-network-upgrade/" data-wpel-link="internal">Binance Supports Upcoming Terra Classic Network Upgrade</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Binance Supports Upcoming Terra Classic Network Upgrade

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