Cryptocurrency exchange Binance will temporarily halt certain transactions on March 11, 2025, due to a planned update on the Horizon network.
What the Horizon Network Update Brings
The purpose of this update is to enhance system security and efficiency. Such updates align with the ongoing advancements in blockchain technology, ensuring the network becomes faster and more secure. Binance emphasizes that users will not need to take any extra actions during this process.
Impact on Binance Users
Deposit and withdrawal operations on the Horizon network will be temporarily suspended starting from 15:00 TR on March 11, 2025. These operations will resume after the update without any additional announcements. Trading with the ZEN coin on the platform will continue as usual.
What Binance Users Should Keep in Mind
Users are advised to monitor their account balances to adjust their trading plans accordingly. Unexpected technical glitches may occur, so users should be prepared for potential delays and closely follow the update process. Binance advises following official announcements for detailed information.
The Horizon network update aims to improve security and efficiency, minimizing user impact by Binance's readiness to handle all technical requirements.
