Binance Supports Celo Network Upgrade Scheduled for July 9, Impacting Deposits and Withdrawals
2025-07-08 11:38:10
Main Idea
Binance will temporarily pause CELO deposits and withdrawals to support the Celo Network upgrade on July 9, 2025, while trading remains unaffected.
Key Points
1. Binance will suspend CELO deposits and withdrawals starting at 17:00 UTC on July 9, 2025, one hour before the hard fork at 18:00 UTC.
2. CELO token trading will continue uninterrupted during the network upgrade.
3. The Celo Network upgrade aims to optimize infrastructure, enhance scalability, and improve security.
4. Binance's role in facilitating blockchain network upgrades helps ensure smooth transitions for users.
5. The upgrade is expected to strengthen Celo’s decentralized finance (DeFi) and Web3 solutions.
Description
Binance is set to support the Celo Network upgrade scheduled for July 9, 2025, ensuring a seamless transition during this critical blockchain enhancement. The upgrade involves a hard fork designed
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