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Binance Suspends MOVR Transactions for Network Upgrade

Binance Suspends MOVR Transactions for Network Upgrade

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by Diego Alvarez

3 months ago

Binance, one of the leading cryptocurrency exchanges, has announced a temporary halt on all transactions involving Moonriver (MOVR) tokens. This decision comes as part of a necessary network upgrade for the Moonriver blockchain, set to take place on January 6, 2024. According to the assessment of specialists presented in the publication, this upgrade is expected to enhance the overall performance and security of the network.

Suspension of MOVR Token Transactions

The suspension of MOVR token transactions will begin at 12:00 PM UTC and is expected to be brief. Users are encouraged to prepare for this service interruption, ensuring that their trading activities are adjusted accordingly.

Trading Pairs Remain Active

Despite the suspension, trading pairs for MOVR will remain active, allowing users to manage their positions during the upgrade period.

Upgrade Goals

Binance aims to enhance the performance and security of the Moonriver network through this upgrade, which is crucial for its ongoing development.

Recently, Binance announced significant changes regarding the FLOW/BTC margin trading pair, which traders need to address promptly. This follows the recent temporary halt on MOVR token transactions due to a network upgrade. For more details, see more.

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