The famous Binance platform announced that it will temporarily stop depositing and withdrawing operations for the ADA cryptocurrency, in preparation for the upgrade process of the Cardano network. Binance’s announcement confirmed its support for the upcoming upgrade.

Withdrawals and deposits of the Cardano cryptocurrency on the Binance platform will be stopped as of today 20/02/2020 and this will not affect the transactions of the currency itself on the Binance platform.

#finance Will support the next Cardano ADA dollars network upgrade pic.twitter.com/F5pX5ZqLOE

– Binance (binance) February 20, 2020

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confirmed The platform that nothing has to be done by the user, as the Binance platform will deal with the technical requirements necessary for the process of upgrading the Cardano network.

Today, Cardano will see an upgrade on its network to improve the consensus algorithm to support the launch of Shelley.

And to note that the upgrade process will not witness the release of any new currencies, as happens in fork operations.

Binance will reopen ADA token withdrawals and deposits after the network upgrade test is completed and it is working fine.

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