Binance, a leading player in the cryptocurrency market, will pause both deposits and withdrawals for the altcoin Kaia (KAIA) due to a major network update and hard fork. With the interruption timed meticulously to coincide with the network’s transition at block height 190,670,000, this strategic move ensures a smooth and secure changeover. Though deposits and withdrawals are affected, Binance users will continue to trade KAIA seamlessly during this period. Activities will be back to normal when the network stabilizes, without the necessity for further communications.
Network Overhaul to Begin at Dawn
The network update and subsequent hard fork will kick off at block height 190,670,000, projected to take place on July 17, 2025, at 04:26 AM Turkish time. Binance will suspend all deposit and withdrawal processes one hour before this transformation kicks in, safeguarding users’ assets during the pivotal phase.
How Will Trading Be Affected?
Despite the suspension of deposits and withdrawals, KAIA’s trading pairs will remain live. This operational decision ensures that traders can continue to execute their strategies without disruption, thereby maintaining dynamic pricing in the spot market. In this way, Binance retains liquidity and active market involvement throughout the network update.
The responsibility for technical modifications will rest entirely with Binance, relieving users of any manual action. Once stability is verified, operations will automatically recommence, a decision made to reassure users of Binance’s commitment to handling transactions securely and proficiently.
Binance has pledged to oversee the entire update process through its infrastructure, prioritizing the security of user balances. The exchange promises an immediate return to normal deposit and withdrawal operations on the KAIA network once stability is confirmed.
Key takeaways include:
- Scheduled suspension and resumption of deposits and withdrawals around a crucial network update.
- Uninterrupted KAIA trading pairs to sustain market activity and pricing stability.
- Binance’s management of all technical requirements ensures user convenience and asset protection.
Binance’s approach underscores its dedication to providing a safe and seamless user experience, showcasing its ability to manage significant network changes with minimal impact on trading activities.
