Binance, as a prominent player in the cryptocurrency exchange space, recently declared its backing for the upcoming Optimism (OP) and Arbitrum (ARB) network upgrades and Hard Forks with the aim of enhancing user experience.
The Optimism (OP) network upgrade and Hard Fork are set to take place around 03:00 on March 14, 2024, at block height 1,710,374,401. To ensure a seamless transition, Binance will temporarily halt token deposits and withdrawals on the Optimism (OP) network from 02:00 on March 13, 2024.
Likewise, the Arbitrum (ARB) network upgrade and Hard Fork are scheduled for March 14, 2024, at 12:00 PM. To prepare for this event, Binance will suspend token deposits and withdrawals on the Arbitrum (ARB) network from around March 14, 2024, at 11:00 AM.
It is worth noting that token trading on both the Optimism (OP) and Arbitrum (ARB) networks will remain unaffected during these upgrades and Hard Forks. Binance is committed to overseeing all technical necessities to ensure a smooth transition.
Following the completion of the upgrades, Binance will resume token deposits and withdrawals on the Optimism (OP) and Arbitrum (ARB) networks once the upgraded networks are stable and operational. These network upgrades mark significant progress for the Optimism and Arbitrum ecosystems, and Binance’s support illustrates its dedication to fostering the adoption and advancement of these technologies within the cryptocurrency community.
*Please note that this information is not intended as investment advice.
