Binance supports network upgrades for MANTRA (OM) and MultiversX (EGLD), temporarily pausing deposits and withdrawals on March 25, 2025, to ensure seamless integration and system stability.
This routine infrastructure upgrade aims to enhance performance without disrupting trading; no major price changes or market reactions are reported, maintaining business as usual for traders.
Binance announced support for network upgrades of MANTRA (OM) and MultiversX (EGLD). This involves temporary suspension of deposits and withdrawals.
The upgrades will see Binance facilitating the process without direct intervention from key opinion leaders like Changpeng Zhao and Beniamin Mincu. More information about MultiversX and its blockchain technology can be found here.
Deposits and Withdrawals Temporarily Paused
Trading on Binance will proceed unhindered with only deposits and withdrawals impacted during the upgrades.
“The project party is expected to conduct a network upgrade on March 26, 2025, at 00:30 (UTC+8)… The recharge and withdrawal services for related tokens will be reopened when the network is stable.” – Official Binance Communication Channels, Official Statement, Binance
This event upholds a pattern of routine technical upgrades without widespread market impact, with historical data confirming stability during similar events.
Smooth Upgrades Maintain Market Stability
Previous MultiversX upgrades showcased smooth transitions with no market turbulence, affirming users’ confidence in network stability.
Experts highlight Binance’s track record of managing network updates efficiently, ensuring minimal disruption, supported by consistent market performance following past events. To keep up with updates from the Changelly team, check their announcements on Twitter:
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