Binance Announces Support for Terra Classic LUNC Network Upgrade

Binance Announces Support for Terra Classic LUNC Network Upgrade

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by Lucas Weissmann

a year ago

Made with AI

Binance has officially announced its support for the upcoming upgrade of the Terra Classic LUNC network, which is set to enhance the network's performance and security. The source notes that the exchange is taking proactive measures to ensure a seamless transition for its users during this critical upgrade period.

Suspension of Deposits and Withdrawals on LUNC Network

Starting at 4:45 PM on October 20, 2025, Binance will temporarily suspend deposits and withdrawals of tokens on the LUNC network. This suspension is necessary to facilitate the upgrade process, which is expected to commence once block height 25,619,230 is reached, around 5:45 PM. Users can rest assured that they will not need to take any technical actions, as Binance will manage all requirements automatically.

Trading Activities Remain Unaffected

While deposits and withdrawals will be halted, trading activities in both spot and futures markets will continue unaffected. Once the upgrade is completed and the network's stability is confirmed, Binance will automatically reactivate deposits and withdrawals. The exchange has indicated that no further announcements will be made once the network is stable. This emphasizes its commitment to a smooth user experience during this upgrade.

In a notable development, Bitget has announced the listing of Enso (ENSO) in its Innovation Zone, enhancing trading options for users. This move contrasts with Binance's recent upgrade announcement for the Terra Classic LUNC network. For more details, read more.

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