Binance has announced that it will support the forthcoming network upgrade for Stellar (XLM). In preparation for this upgrade, the exchange will suspend the deposits and withdrawals of Stellar tokens from approximately 14:00 (UTC) on January 30, 2024.

The network upgrade is scheduled to commence at 15:00 (UTC) on the same day. During this time, trading of Stellar tokens on Binance will not be affected, ensuring that users can still carry out transactions on the platform.