Binance Announces Support for Zilliqa (ZIL) and Sei (SEI) Network Upgrades
In a significant development within the cryptocurrency space, Binance, a global leader in crypto exchanges, has officially declared its commitment to supporting upcoming network upgrades and Hard Forks for Zilliqa (ZIL) and Sei (SEI). This strategic move is aimed at providing users with a seamless and secure experience during these critical updates.
Zilliqa (ZIL) Upgrade
The Zilliqa (ZIL) network is slated for a crucial upgrade and Hard Fork on January 3, 2024, at 12:00 PM. In preparation for this milestone, Binance will initiate a temporary suspension of Zilliqa (ZIL) token deposits and withdrawals, starting approximately at 11:00 AM on the same day. Importantly, trading of Zilliqa (ZIL) tokens on the Binance platform will continue without interruption during this preparatory phase.
Sei (SEI) Upgrade
Simultaneously, the Sei (SEI) network is set to undergo an upgrade around 20:00 on January 3, 2024, specifically at block height 49,519,931. Following a parallel approach to the Zilliqa upgrade, Binance will temporarily halt deposits and withdrawals of Sei (SEI) tokens, starting at approximately 19:00 on January 3, 2024. However, users engaged in the trading of Sei (SEI) tokens on the Binance exchange can rest assured, as this operational facet will remain unaffected and continue seamlessly throughout the upgrade period.
Fostering a Secure and Seamless User Experience
Binance’s proactive stance in supporting these network upgrades and Hard Forks underscores its commitment to fostering a secure and smooth experience for its user base. This strategic move not only showcases Binance’s dedication to staying abreast of the evolving cryptocurrency landscape but also positions it as a reliable ally for traders navigating the dynamic world of digital assets.
Stay tuned for further updates on these pivotal developments, as Binance continues to prioritize user-centric solutions amid the ever-evolving crypto ecosystem.