Binance KDA: Crucial Pause for Kadena Upgrade – What You Need to Know

Key Points

1. Binance will suspend KDA deposits and withdrawals on July 22, 2024, at 23:00 UTC to support the Kadena Network Upgrade and hard fork.

2. The Kadena Network Upgrade and hard fork are scheduled for July 23, 2024, at 00:00 UTC, aimed at improving scalability, fixing bugs, and enhancing the network.

3. Trading of KDA on Binance will generally not be affected unless explicitly stated; the suspension only impacts deposits and withdrawals.

4. Users holding KDA in self-custody wallets do not need to take action, but should ensure their wallets are updated post-upgrade for compatibility.

5. The temporary halt in deposits and withdrawals during upgrades ensures network stability and prevents transaction issues during the transition.