The largest cryptocurrency exchange in the world, Binance, has announced its support for the upcoming Ethereum network upgrade scheduled for May 7.
In an official statement on the exchange's website, it was mentioned that in preparation for the upgrade, Binance will temporarily suspend the deposit and withdrawal of digital assets on the Ethereum network starting from 06:00 UTC, as this is necessary to ensure a smooth transition of exchange services.
At the same time, trading of Ether and related assets will remain available to users throughout the entire upgrade period. Binance assured that the exchange will take care of all technical aspects related to this process to minimize inconvenience for users.
Additionally, the Binance team reminded users of the upcoming scheduled maintenance of wallets, which will affect several other networks, including Arbitrum, Optimism, and Polygon. In this regard, deposit and withdrawal of funds on these blockchains will be temporarily suspended on May 8 from 07:00 UTC.
Earlier, Binance announced the launch of a specialized tool, Fund Accounts, to simplify the administration of portfolio crypto investments.
