In a recent announcement, Binance, one of the leading cryptocurrency exchanges, revealed it will temporarily halt deposits and withdrawals for Kadena (KDA) on March 18, 2025. This pause, set to begin at 2:00 AM TRT, is designed to facilitate a network update and hard fork, which will conclude once the block height reaches 5,659,280. Binance reassured users that it will oversee all technical aspects to ensure a smooth trading environment, with KDA transactions resuming promptly after network stabilization.
What Changes Can Users Expect?
The Kadena network’s hard fork is anticipated to commence at around 3:00 AM TRT on the same day. This update aims to boost the network’s performance and introduce new features. Binance emphasized that the transaction suspension prioritizes user asset security during this period.
How Will This Impact KDA Transactions?
Typically, in cryptocurrency updates, user involvement is necessary; however, Binance will manage this entire process internally. The ongoing trading of KDA will remain uninterrupted, and activities will automatically resume once the network’s stability is ensured.
– Users need not take any action before or after the update.
– KDA holdings and trades on Binance will remain active.
– Transactions via the Kadena network will be restricted during the suspension period.
– Users are advised to delay Kadena wallet transactions until the update concludes.
Binance has stated that no additional notifications will be issued regarding the resumption of KDA trading, urging users to remain informed as the update process unfolds.
