Friday, January 28, 2022
Home Crypto News Exchanges Binance Will Support Cosmos (ATOM) Network Upgrade

Binance Will Support Cosmos (ATOM) Network Upgrade

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Binance, the largest cryptocurrency exchange in the world in terms of daily trading volume, today declared that it would support the Cosmos (ATOM) network upgrade.

According to the official blogpost,

“The Cosmos (ATOM) network upgrade will take place at Cosmos block height of 8,695,000 or approximately at 2021-12-14 06:00 (UTC). Deposits and withdrawals of ATOM will be suspended approximately starting from 2021-12-14 05:00 (UTC).”

The exchange further noted that the trading of ATOM would not be affected during the upgrade. Those users who are holding ATOM in their Binance accounts should not have to worry during the upgrade as all technical requirements involved will be handled by the exchange.

The exchange also notified its users that no new tokens would be created during this upgrade. Additionally, the exchange said that it would reopen deposits and withdrawals for ATOM once Binance is sure that the upgraded Atom network is stable.

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Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.


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